Unfortunately, CC I have no background knowledge in falling wedge continuation patterns. My initial thoughts centered on the possibility that on the weekly charts it looked like a C & H formation but @Wayward1 suggested that it was unlikely due to its jagged base formation. I also did consider a bull flag formation as a possibility, the mast extending all the way from late October 2016...flag now completed.
I'm heartened by the fact that the sp bounced off the bottom of the trend channel today. Hopefully @Wayward1 might be able to shed some light as to whether that support bounce is convincing at this point.
Unfortunately, CC I have no background knowledge in falling...
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Last
$6.34 |
Change
0.210(3.43%) |
Mkt cap ! $5.926B | |||
| Open | High | Low | Value | Volume |
| $6.23 | $6.37 | $6.20 | $16.32M | 2.584M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 10131 | $6.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.34 | 65301 | 3 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |