LYC 0.58% $6.88 lynas rare earths limited

15-Oct-2019 +4c +1.52% closing at 2.67LYC reached the day's low...

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    15-Oct-2019 +4c +1.52% closing at 2.67

    LYC reached the day's low of 2.58 quickly at 10:25AM albeit on low volume. SP clawed back the lost ground in an hour by 11:30AM and traded in the black for the rest of the day. Huge buy volume came in from 3:40PM and > 1M shared traded in that last 20 minutes hitting the day's high of 2.69. Another 1.3M shares @ 2.67 traded at post market auction. These 2 lots accounted for 50% of the total volume purely in the last 30 minutes. Today's VWAP is 2.6467 showing most buyers have paid a premium to accumulate. This is an indication of confidence: with volume and at premium.

    (1) Closed above 3/4 of the day's trading range is a positive sign of strength.
    (2) Today's low penetrated the bottom channel is a warning sign that the UT is weakening.
    (3) Candle still above Ichimoku cloud.
    (4) UT continues.

    https://hotcopper.com.au/data/attachments/1772/1772842-53a293de926615580cb7846fb62dbd4d.jpg
 
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Last
$6.88
Change
-0.040(0.58%)
Mkt cap ! $6.430B
Open High Low Value Volume
$6.92 $7.05 $6.83 $13.27M 1.918M

Buyers (Bids)

No. Vol. Price($)
1 966 $6.87
 

Sellers (Offers)

Price($) Vol. No.
$6.90 18661 4
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Last trade - 16.10pm 03/09/2024 (20 minute delay) ?
LYC (ASX) Chart
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