MarcusCunningham

Trend reversal for LYC

Long
MarcusCunningham Updated   
ASX:LYC   LYNAS RARE EARTHS LIMITED
Looks 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.
Trade active:
LYC is still looking solid with this trade. Up about 10% since opening the trading. Will be looking to pull profit around the $2.80 range or about 20% onwards. Will update later near the profit zone.
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