LYC 2.72% $7.14 lynas rare earths limited

todays chart, page-8

  1. 27,732 Posts.
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    Doudou, here's what it looks like to me, bit similar to you. I had the up channel as my bottom two green lines, then had another look at yours, which is a longer timeframe, so added the other two as not sure yet how wide the channel is, will need next few HHs to really tell, I suspect. The orange bullish pennant flag is a little long in the tooth to be honest, so we need it to be confirmed with a break above pretty soon, I think. 10c will do the trick, although we really need to see 10.5c to snap back into the uptrend channel, but in any case it would imply a further addition of 5.25c (pole height) to the breakout point, say 9.75, so a PT of 15c in the next month or so (flag width), just before next QR fever takes hold...

    IMG_2775.JPG

    Anyone who wants to checkout H&S or inverse H&S:

    http://www.investopedia.com/terms/h/head-shoulders.asp
    http://www.investopedia.com/terms/i/inverseheadandshoulders.asp
    http://www.pgshop.com/pgshop-brand-headshoulders/
    Last edited by CEOChair: 14/03/17
 
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