What a wonderful day! LYC gained 7c or +2.68% closing at 2.68. From the chart, it's clearly tracking upwards quite well.
(1) It broke above the 61.8% Fibonacci level of 2.63 convincingly.
(2) Risk of breaking down from uptrend averted.
(3) ST/LT daily Stochastic, MACD, RSI all pointing up.
My analysis:
- As alluded to in my Post #: 40821514, the weekly momentum indicators are very similar to the week before a massive downtrend breakout of 26-Feb-2018 (+16.5%) and 13-May-2019 (+28.4%).
- The timing could coincide with the release of Quarterly Report on Mon 21-Oct-2019.
- It has all the ducks lined up, just waiting for a good Quarterly Report for the SP to pop, Next target is 2.86 Fibo or 2.96 at resistant. DYOR!
- I have changed my sentiment to BUY.
What a wonderful day! LYC gained 7c or +2.68% closing at 2.68....
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Last
$6.22 |
Change
0.070(1.14%) |
Mkt cap ! $5.813B | |||
| Open | High | Low | Value | Volume |
| $6.21 | $6.22 | $6.07 | $13.54M | 2.193M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12000 | $6.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.22 | 12273 | 2 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |