Rare earth miner Lynas is looking good again on the charts. It pulled back to a previous support / resistance area, and bounced nicely off its 50 day moving average.
Various indicators all looking bullish. MACD / OBV etc about to cross.
Worth keeping an eye on - especially as rare earther.
Various indicators all looking bullish. MACD / OBV etc about to cross.
Worth keeping an eye on - especially as rare earther.
Comment:
Nice 8% move up so far.
Comment:
Got back to our target of old highs and SMACKED back down again. I had a look around and there is no ASX Company Announcements and no rumours on what might have caused todays drop on the forums (eg HotCopper). I suspected it has been caught up in the crashing iron ore prices / concerns around the US / UK "alliance" and sub deal being seen as very anti-China and the whole ASX has tanked over 2%+ today. Lynas is back at support. Keep an eye for a bounce and a potential entry - or stay away :)
Comment:
There's that bounce.
Comment:
Still ranging.
Comment:
Like a game of pong :)
Comment:
Running strong.
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