Today's chart & trading, page-2222

LYC traded flat today closing at 2.60.

It fell shortly after opening and continued to slide to day's low of 2.55 at 10:45AM. Buying returned at 11AM and it went gradually to day's high of 2.64 at 1:10PM. Then trading flat at 2.60 towards the close. Heavy buying came in at 3:45PM to push it to 2.62. However it closed at 2.60 at post-market auction. IMHO the buyers are pretty professional and managed to accumulate in stealth mode without paying a premium.

Today's trading actions:
(1) Initially lost 5c followed by a 9c reversal to peak at 2.64. Ended the day at 2.60.
(2) Today is a Doji candle with nearly 3X yesterday's volume. Total of 3.7M shares worth $9.6M traded.
(3) Low of 2.55 penetrated deep into the lower channel is a negative.

Where are we going?

• The bottom of the Doji poked into the lower channel, coupled with RSI flat at 51 and LT Stochastic lines diverging, the SP is under pressure.
• I am still keeping my sentiment as Hold.