Today's chart & trading, page-2214

LYC lost 1c or -0.39% closing at 2.57.

Right from the start it was very positive gaining 3c to 2.61 at 10:40AM. Selling came in and pushed it down to 2.57 in medium volume. But between 12:20 and 1PM, strong volume of buyers pulled it back up to 2.60. As usual, the day's done by 2PM and gradually falling to the close ending near the low of the day with 325,786 shared sold or $837K. The last 15 minutes of trade accounted for 73% of today's total.

SP actions today:

• Closing near the day's low with large volume in that day is a negative.
• However volume has been reducing in the last 3 days, showing the weaker hands are reducing in number.
• A weak ST uptrend channel is formed.
• SP is tracking the bottom of this channel.
• If it breaks under, this channel would be voided.

The next step:

• ST Stochastic and RSI are about to cross to the upside but still slightly negative.
• Let's hope the new uptrend channel does hold and provides some guidance on future moves.
• The 50% and 61.8% Fibonacci levels remain the lower bound of 2.47 and upper bound of 2.63 respectively for the moment.