The more I think about it, the better handle I am getting on Lynas price action... Not to belittle the TA guys, but this seems to tie all of the loose ends together...
If the international markets go up, Lynas goes down because it becomes a risk on trade...
If the international markets go down, Lynas goes down because Oz has to follow the big boys in international investing...
If commodity prices go up, Lynas goes down because increased demand will result in increased China supply...
If commodities prices go down, Lynas goes down, because reduced demand will further hurt commodity prices...
If the Oz dollar goes up, Lynas goes down as this will hurt Lynas future earnings...
If the Oz dollar goes down, Lynas goes down as the trade is risk on and Oz has to follow the big boys in international investing...
Comments?
lynas price resolved...
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Last
$6.05 |
Change
-0.410(6.35%) |
Mkt cap ! $5.451B | |||
| Open | High | Low | Value | Volume |
| $6.14 | $6.24 | $6.01 | $62.99M | 10.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 165 | $6.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.06 | 2728 | 1 |
View Market Depth
| Last trade - 16.10pm 05/03/2021 (20 minute delay) ? |
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Last
$6.06 |
Change
-0.410 ( 5.49 %) |
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| Open | High | Low | Volume | ||
| $6.12 | $6.24 | $6.01 | 2506552 | ||
| Last updated 15.59pm 05/03/2021 (live) ? | |||||
| LYC (ASX) Chart |