LYC 0.50% $6.09 lynas rare earths limited

we are a producer, page-57

  1. 4,627 Posts.
    Hi Angelus

    First let em state I NEVER jump onbard any high volume upbars ever, no matter what. The reason being you will generally get on late and you put yourself into a higher risk entry, Depends on your timeframe too of course. Much better to wait for a low volume test that dips back and enables you to set your stop closer to your entry point thus minimising your risk. Doesn't always happen so sometimes you will miss out, but thats life. This particular high volume upbar imo should be taking out the 65c level but its not, it may happen tomorrow but if its not even getting close to that level which is where previous supply has sat, and there is large volume, what is that telling you? Well simply it must mean the supply must be potentially selling into the buying at an even lower level eh?

    Remember the market will always decieve you into thinking the wrong way if it can.

    Hope that clarified thongs a bit

    Cheers
 
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