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
$6.40 |
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. |
---|---|---|
$6.40 | 17965 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 3600 | 6.360 |
1 | 15000 | 6.350 |
2 | 260 | 6.340 |
3 | 4563 | 6.330 |
4 | 8665 | 6.310 |
Price($) | Vol. | No. |
---|---|---|
6.400 | 10000 | 1 |
6.410 | 24000 | 1 |
6.420 | 203 | 1 |
6.450 | 3291 | 2 |
6.480 | 2100 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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LYC (ASX) Chart |