OK, auction volume wasn't that massive after all, certainly seen...

OK, auction volume wasn't that massive after all, certainly seen a lot more go through recently, but they sure were lining up on both sides, a real tug of war.

Attention now turns to the next QR towards end of Oct - given REE prices this quarter have performed cartwheels (ACREI basket has come off a little to 180, but stable enough, I suspect), I imagine LYC's big move above 21c will come then and the gap to 29.5c will be under threat. Might well be a bit quiet for now though - here's the chart with the Uptrend Channel it looks like holding. The point of this is to know if it hasn't held, in which case, there's a problem and the smart money are not of the same opinion:



It's now a bit late in the day for a retrace to the 17c support, that would now break it down. 17.5c at worst this week, 18c next week, etc.... doesn't really matter, will probably just bobble along under 21c until mid Oct - then, if it hadn't broken down below the channel, look forward to the next leg higher IMO.
Hope that helps some who just have a random thought and post they think it's going to xyz without really knowing why.