LYC 2.94% $6.94 lynas rare earths limited

yippee gap filled, page-64

  1. 6,612 Posts.
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    Still no divergence between daily momentum and price movement. In other words you're catching falling knives if you think there is a low risk entry being offered up at the moment. You could get lucky, but the odds are strongly against you.

    Stock is range bound between $0.86 and $1.60 for the time being. Daily stochastics sitting on 18.2 at the moment and for LYC they tend to dip down to roughly 5.5 before selling momentum climaxes and the oscillator bottoms out. Also worth noting that the weekly stochastics are currently at 63 which is a historical pivot point for LYC.

    I dare not buy too much into the fundamental argument because apparently those with no stock held have no idea what they're talking about, but I'll leave you with this thought. Many are saying that the waste issue is being exaggerated by those in the anti-lynas party. Put it this way. Would you be comfortable if all that waste was dumped 6 feet under the house you are currently living in? I don't know about you, but I certainly wouldn't want it near where I live or work! While waste facilities have come on in leaps and bounds, they are by no means fool proof. That analogy might help you to understand the concerns that some are feeling right now, and I don't blame them to be perfectly honest. But I don't have the mastermind of all of those who do hold the stock, so what do I know...
 
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Last
$6.94
Change
-0.210(2.94%)
Mkt cap ! $6.571B
Open High Low Value Volume
$7.14 $7.14 $6.94 $7.297M 1.040M

Buyers (Bids)

No. Vol. Price($)
12 9773 $6.94
 

Sellers (Offers)

Price($) Vol. No.
$6.95 4285 10
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Last trade - 12.36pm 19/11/2024 (20 minute delay) ?
LYC (ASX) Chart
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