Price is gathering some steam as buyers start the move to highs

Potential Buy Entry Alert LYC

 

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $1.43 Billion Market Cap, VWAP 2.214, ASX Ranking 198, 4 Week Av Turnover $11,411,818, PE Ratio 21.6.

Company Overview : Lynas Corporation Limited (LYC) is an integrated source of rare earths from mine to customer. Lynas has a portfolio of aligned assets to explore, develop, mine and process rare earth minerals. These assets are Mt Weld and Lynas Advanced Materials Plant (LAMP). LYC’s main asset is Mt Weld rare earths deposit in Western Australia.

Broker Consensus : Strong Buy

 

LYC – Lynas Corporation Limited

LYC is dragging in some buyers and starting to build some steam to push price to new highs. We are watching now for buyers to prove themselves and build a higher low. When we see some more confirmation, it will be all about the entry setup.

 

Stock Code : LYC – Lynas Corporation Limited

Company Website : www.lynascorp.com

Current Price : 2.27

Status : On watch for higher low buy entry setup