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.
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Nice 8% move up so far.
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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 :)
Seem like a bit more correction to complete..or has completed
ouyann20
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Good analysis!
ouyann20
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I love this share
JudasVespasian
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This rare earth factory has one in My place..huge one
RyodaBrainless
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Yeah, It seems promising to move upside
ouyann20
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On the 2nd of December, Amanda Lacaze sold around 200k shares on-market at roughly AU$9.15 per share. In the last 3 months, they made an even bigger sale worth AU2.5m. Amanda has been a seller over the last 12 months, reducing personal holdings by AU7.9m.