LYNAS RARE EARTHS LIMITED
Singkat
Telah dikemas kini

LYNAS TARGET HIT - UPDATE - FURTHER DOWNSIDE EXPECTED

162
Update 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.

Nota
REFER TO THE CHART BELOW EXPECTING THE BOUNCE

syot kilat

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.