Rotuma

LYC: ASX - Critical support and resistance

ASX:LYC   LYNAS RARE EARTHS LIMITED
LYC share prices surged in yesterday's session after it gapped up during the opening trades and closed at 2.38 up 9.72%. There were signs of profit-taking towards the end of the trading session which saw share prices retreated from its highs at 2.45 and closed at 2.38.
2.30 is the critical support to watch; share prices could head down to close the price gap if it fails to hold above this price point. A break above 2.43 could see share prices continue to its next target at around 2.53

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