LYSDY trade ideas
LYNAS TARGET HIT - UPDATE - FURTHER DOWNSIDE EXPECTEDUpdate to the idea posted on 27 September.
As expected and noted the $1.80 region got tested. Fundamentally nothing has changed, we are in a down trend and I still expect the price to go down to $1.425, at which point I will be scaling my long term buys in.
This is not withstanding the fact that LYC is still a good swing trade option, as per my call last week we seen a 10% increase.
I'd be selling this now and waiting for further downside
Next week I expect the price to retest $1.60,
IF this region holds, it will retest the $1.80 region.
IF it does not hold, I expect to see the $1.40 region this month.
Will reassess towards the end of next week.
May the gains be with you.
LYNAS - LYC - BUYING OPPORTUNITY TO COMEMONTHLY IS OBVIOUSLY BEARISH DUE TO FUNDAMENTAL NEWS, FINDING SUPPORT ON THE 0.618 FIB LEVEL CURRENTLY.
FUNDAMENTALLY A SAFETY REPORT OF LYNAS OPERATIONS IN MALAYSIA WILL BE RELEASED IN 3 MONTHS.
WE SHOULD SEE SOME BUY PRESSURE AT THESE LEVELS NEXT WEEK BUT I EXPECT FURTHER DOWNSIDE TO THE 0.786 FIB REGION WHERE MAJOR SUPPORT IS.
I BELIEVE THE REGION AROUND THE .786 IS A GOOD LONG TERM BUY REGION AS THERE IS ALOT OF CONFLUENCE.
UPTREND LINE, 0.786 FIB REGION AND LONG TERM SUPPORT LEVELS.
Trend reversal for LYCLooks like a trend reversal here for LYC. The price pushed past the EMA 15 today and is holding above EMA 200. Should expect a push back to recent highs. Might take around a month for the play to fully run through.
ASX traders keep an eye on this one.Classic small cap stock break out pattern..... 3 year base break on volume then pull back and break again.
$LYC Double Top BO out of Rising wedgeCould have a small bounce here to resistance..
But overall bearish.
See annotations
LYN.ASX Share prices could be heading down to around 9 centsLYN.ASX Share prices could be heading down to around 9 cents if fails to hold at 13.5 cents support price point.
As demand increases for rare earth metals... As demand increases for rare earth metals, deep sea mining gets second look
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