LYC @ 31 Aug 2021
LYC
- First time doing a written analysis on LYC
- Has some history of good uptrends that lasts for months
- Also has history of downtrends that lasts for years -> represents overhead resistances for the stock
- Stock price may not go up as fast as other stocks without these overhead resistances
- Stock is currently trading between the short- and mid-term averages -> any break of support or resistance would require above average volume
- A rebound to around 7.50 levels would be considered a successful rebound
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful rebound to 7.50 levels
- First time doing a written analysis on LYC
- Has some history of good uptrends that lasts for months
- Also has history of downtrends that lasts for years -> represents overhead resistances for the stock
- Stock price may not go up as fast as other stocks without these overhead resistances
- Stock is currently trading between the short- and mid-term averages -> any break of support or resistance would require above average volume
- A rebound to around 7.50 levels would be considered a successful rebound
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful rebound to 7.50 levels
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.