Appreciate all the intraday and details and I've learnt a few things from you guys.
In my case, I usually mix technicals with some fundamentals as I find some the story behind a stock gives a clearer picture to the ST movements. Realized the shorters were having a field day with this. Saw the stock was 4 DAYS below the Bollinger Bands, took position when it broke a retrace at around 1.08 (which failed as we know) and took futher position again at 88c when it broke another retrace at about 90c. Knew the short covering would send this sky high once the stock had to go back inside the Bollingers. (different stock by ETPMAG was a supreme case of SP going way off wack outside the Bollingers and also hitting fib points.
Def. abit of guess work, and luck!!
Get ready for another LYC up day.
Exhaustion in SP by afternoon perhaps?
up down and all around tuesday, page-13
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Last
$6.56 |
Change
0.050(0.77%) |
Mkt cap ! $6.131B | |||
| Open | High | Low | Value | Volume |
| $6.51 | $6.59 | $6.49 | $8.348M | 1.273M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 16304 | $6.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.56 | 2708 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |