LYC is looking ready to take off…just waiting on the entry trigger

LYC – Lynas Corporation Limited

Stock : LYC – Lynas Corporation Limited

Current Price : 0.097

New Buy Entry Trigger Level : 0.099

Potential Sell Exit Zone : 0.09

Status : On watch for buy entry trigger

LYC is looking strong holding higher lows off support around the 0.08 level. The longer term weekly chart is trending higher so we are happy to put the wind in our sails and buy through 0.098. If the entry is triggered, then we will hold the risk below the higher low at 0.09. If price trades 0.09 prior to the entry trigger, then we will re-assess the price action.