LYC
- First time doing a written analysis on LYC
- Has some history of good uptrends that lasts for months
- Also has history of downtrends that lasts for years -> represents overhead resistances for the stock
- Stock price may not go up as fast as other stocks without these overhead resistances
- Stock is currently trading between the short- and mid-term averages -> any break of support or resistance would require above average volume
- A rebound to around 7.50 levels would be considered a successful rebound
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful rebound to 7.50 levels
- First time doing a written analysis on LYC
- Has some history of good uptrends that lasts for months
- Also has history of downtrends that lasts for years -> represents overhead resistances for the stock
- Stock price may not go up as fast as other stocks without these overhead resistances
- Stock is currently trading between the short- and mid-term averages -> any break of support or resistance would require above average volume
- A rebound to around 7.50 levels would be considered a successful rebound
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful rebound to 7.50 levels