today's trading patterns, page-2

Loads of cross-trades today, hopefully that's a good thing. Excuse the chart below, it just shows we're sandwiched between a downtrend line from the TOL buying climax high and an uptrend line from the recent $1 low. It does look like an accumulation range, with LYC they seem end with a drop down to blow stops, before gapping over or busting through the accumulation range on high volume. Downside seems quite limited pending no negative TOL announcements of course. Wonder if those greedy instos are dreaming up some headlines to scare the poor old retail investors into selling at the bottom before ripping it into outer-space. My favourite from the past went something like "Lynas has not been granted TOL". Of course, it was an innocent mistake omitting the word "yet" from the end of that headline lol :)