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.
Text me if you have any questions/comments for me.
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LYC
- Previous analysis was done on 14 Sep - Suggested waiting for a retracement and successful rebound
- Since then, the stock tested $8 levels and today broke through the short- and mid-term supports with above average volume
- Stock is exhibiting high price volatility and may not be suitable for all...
LYC
- Previous analysis was done on 10 Sep - Suggested half entry at 7.10 levels if confident the stock can rebound to 7.50 levels
- If followed half entry suggestion at 7.10 levels, gains would be more than 5% in 2 days
- Stock today closed at 7.60 levels and there is no longer any good setup for entry
- Best case scenario for the overall health of the uptrend...
LYC has been making higher highs but on the weekly chart we can see Bearish Divergence on the MACD and RSI, which is a sign that the momentum may be running out of steam. I expect a decent pull back for a possible buying opportunity. My Buy Zone is between $5.15 - $5.75, where I would be entering after some sort of Bullish price action confirmation. Lets see how...
LYC
- Previous analysis was done on 31 Aug - Suggested waiting for successful rebound to 7.50 levels
- Stock recently formed a mini retracement wave and today’s price action would be considered a successful rebound
- Technically, the stock hasn’t successfully rebounded after the mid-Aug retracement
- To manage risk, half position entries are recommended
- R is...
lynasrareearths.com
Lynas is the only producer of scale of separated Rare Earths outside of China and the second largest in the world. Rare Earths deposit in Mt Weld, Western Australia, is acknowledged as one of the highest grade Rare Earths mine in the world and we operate the world’s largest single Rare Earths processing plant in Malaysia.
700% growth...
LYC
- First time doing a written analysis on LYC
- Has some history of good uptrends that lasts for months
- Also has history of downtrends that lasts for years -> represents overhead resistances for the stock
- Stock price may not go up as fast as other stocks without these overhead resistances
- Stock is currently trading between the short- and mid-term averages...
WXY correction. In x C wave truncated. Currently In a triangle pattern as a B wave, where in a ABCD E wave has penetrated above the triangle. But pattern is bearish. Because market takes the direction of B Wave. Objective trade with stop. Low volume suggests validity of the triangle pattern
LYC is just on the verge of breaking its resistance at 6.40. So there are two possibility. Either it comes down to 6.30 and bounce back to break R1 or break R1 in sometime. Jump before you are lateies
An a analysis of LYC.AX
Was long on the long climb up.
Amusing how an article saying how positive LYC is , came out just 16 hrs before the peak price occurred and is about to fall. At least that is my expectation now
Absolute Peak was $6.18 , I got out at $6.15 , good enough
LYC is seen now peaked - using Volume Flow and custom Coppock - changes are all...
LYNAS is a company that has recently come under my radar for a potential trade and upon investigation is becoming a perfect candidate for both Fundamental and Technical traders. For both styles of trading it shows very polarising stories. From a Fundamental perspective there is a long term bullish potential however from a Technical standpoint a short bearish turn...
The world's largest producer of rare eart
high quality products include
Neodymium and Praseodymium (NdPr) used in magnets
Lanthanum (La)
Cerium (Ce) and
Mixed Heavy Rare Earths (SEG).
About Lynas Rare Earths Ltd outside China.
Rare Earth Oxides (REOs) are a much sought after resource, particularly within the high technology and low carbon industries. For...
Lynas is back at old time highs after a strong bollinger break with growing volume. I like that they announced earlier in the year that they have a contract signed with the US Department of Defense for Phase 1 work on the proposed U.S. based HRE facility. Might be a bit overbought now looking at the RSI, but rare earths does seem to have some interest at the...
Lynas Rare Earths Ltd. engages in the production of rare earth minerals. It focuses on the exploration, development, mining, and processing of rare earth deposits. The company was founded by Nicholas Anthony Curtis on May 25, 1983 and is headquartered in Kuantan, Malaysia.
ASX
