Thanks subah and also soho for mentioning the gap at 90c (90c - 91c though), I should have mentioned that. Given LYC's strong gap fill record, and where the SP is currently, it does look like that gap will fill sooner rather than later, but hopefully we bounce hard off all that volume at and below 92.5c. Unfortunately, at the moment it doesn't look like we're in for a positive lead from overseas markets. A gap down however followed by a push down to fill the gap at 90c could set the stage for a nice long trade up to 96.5c to fill the gap above. A run up to just above $1 to touch the downtrend and big volume above could also provide a nice short trade down to the big volume at 92.5c and possibly to 90c to fill the gap. Anyway, before I get tarred & feathered, I'm not looking for short trades, but don't have any problem with those looking to short.
Would appreciate other opinions too, especially with our resident sage (mitta) away at the moment.
LYC Price at posting:
96.5¢ Sentiment: None Disclosure: Held
