LYC 0.39% $7.75 lynas rare earths limited

wow !, page-49

  1. 22,593 Posts.
    sebleach, the current low risk short entry was 10jan @ 69cents, that was after 3signs (days) of potential weakness

    perfect place to consider a hedge position

    24/30jan, it momentarily upthrust that entry price by half a cent with a high of 69.5cents, so no worries as this confirmed where the weakness was sitting and also your entry

    over the last few days its failed with any volume/activity whilst sitting on that previous support abt 63cents

    and today they've smacked it hard thru that level

    I'd say there's been quite a lot of weakness around, also forgot to mention that presistant overhead strong DT supply line which btw dates back to 21Feb12 and has not been broken with a higher close

    lastly this little move back to 61cents is doing it on very light volume
 
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