Buyers defend higher levels as they build for the move higher

Potential Buy Entry Alert LYL

 

Time Frame : Daily

Sector : Capital Goods/Industrials

Key Stats : $182.77 Million Market Cap, VWAP 1.985, ASX Ranking 585, 4 Week Av Turnover $116,846, Current Turnover (Intraday as at time of alert) $322,288, PE Ratio 10.1, Div Yield 6.52%.

Company Overview : Lycopodium Limited (LYL) is an Australian headquartered engineering and project management consultancy which provides a range of services for the evaluation, development, implementation and optimization of projects across a range of industries.

Broker Consensus : BUY

 

LYL – Lycopodium Limited

LYL is building and finding buying pressure up off the 4.00 zone. We are now watching for further evidence that buyers are looking towards news highs and are in control. Will be watching now for a higher low above 4.20 and the potential buy entry setup.

 

Stock Code : LYL – Lycopodium Limited

Company Website : www.lycopodium.com.au

Current Price : 4.64

Status : On watch for buy entry setup