LYC lost 8c or -2.94% closing at 2.64 today.
It gaped down on open and hit a low of 2.65 at 11:20AM. Then it was trading in a narrow range between 2.68 and 2.65. The post 4PM auction resulted in the loss of another cent, closing at a new low of 2.64. This is a negative.
Features of the day:
- Lost all the gain this week.
- Just 1c above 61.8% Fibonacci level of 2.63.
- Still inside the short term uptrend channel.
- But it flipped both short and long term Stochastic crossing to the downside.
- However MACD still > 0 and RSI > 50, it's not the end of the world.
What to watch for:
- I have changed my sentiment from Buy to Hold.
- In the absence of positive news for LYC, the SP would drift with the market's sentiment.
- Next few bars would be critical. If it drops out of the short term uptrend channel, we would re-evaluate the chart patterns.
LYC lost 8c or -2.94% closing at 2.64 today. It gaped down on...
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Last
$6.40 |
Change
0.000(0.00%) |
Mkt cap ! $5.982B | |||
| Open | High | Low | Value | Volume |
| $6.47 | $6.48 | $6.34 | $20.28M | 3.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12848 | $6.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.40 | 17965 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |