LYC 2.16% $5.89 lynas rare earths limited

was that a sos week ta @ $1.27, page-43

  1. 22,593 Posts.
    ………Just have one question, the LPS appears in this graph is below resistance and above support, but from the graph you posted this morning, LPS in phase D is even below the support line. Would you mind clearing it up?”

    Thanks Leebruc

    Hopefully understand your query correctly,

    Each time we have a SOS,(increased volume/spread to the up) it is sometimes breaking higher thru previous resistance which we THEN would be treated as NOW support ie. LPS last point of support

    I think the confusion may be coming from the different resistance levels that have been near the top of our trading range and that was firstly there’s a minor one which we named the ‘creek' and that ran roughly along the top of our previous highs (supply).

    Next one will be what would be considered a stronger one and that is where we are at right now, at abt the $1.35 level.

    We need for it to bust thru here shortly (maybe today or shortly on an increased volume/spread (SOS) and then shortly afterwards show us a LPS and that would be considered the next safest entry or as it leaves that point to the north.

    One other thing that may be of confusion is that there are several different schematics running around for accumulation, but in reality there is only 2 that we follow and the most recent one shown fits our Trading Range to perfection, the one with the ‘rising lows’.

    Hopefully that has cleared your thoughts up

    P.S. cheers all for your comments

 
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