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.
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Last
$6.92 |
Change
-0.020(0.29%) |
Mkt cap ! $6.468B |
Open | High | Low | Value | Volume |
$6.95 | $6.97 | $6.87 | $16.72M | 2.418M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5820 | $6.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.93 | 15020 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 6.840 |
1 | 430 | 6.820 |
4 | 2400 | 6.800 |
1 | 30 | 6.760 |
2 | 3400 | 6.750 |
Price($) | Vol. | No. |
---|---|---|
6.950 | 1000 | 1 |
6.970 | 599 | 1 |
6.980 | 15330 | 3 |
7.000 | 10409 | 3 |
7.010 | 2200 | 1 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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