A buy is building for continuation to new highs

Potential Buy Entry Alert LYC

 

LYC – Lynas Corporation Limited

LYC has kicked off higher since the last alert and now backing off the highs from 2.645. We are now on watch for further contraction lower to wash out a few late buyers and then a continuation trade as buyers step back in to hold price at higher levels and build the higher low for the buy entry setup.

 

Stock Code : LYC – Lynas Corporation Limited

Company Website : www.lynascorp.com

Current Price : 2.50

Status : On watch for buy entry setup

 

 

Previous Alert 22/2/18

LYC – Lynas Corporation Limited

LYC has been oscillating around the 2.00 level for the last few months and may now be coming out of the woods and looking to the highs. The basis minerals company is showing signs of holding higher lows and buyers step in to soak up selling pressure. We are now watching for a higher low to build the buy entry setup and jump on for a run through the highs.

 

Stock Code : LYC – Lynas Corporation Limited

Company Website : www.lynascorp.com

Current Price : 1.99

Status : On watch for buy entry setup