Lynas Corp. Ltd. (LYSCF)

[stocktrademan]

Sometimes I just get a stack of charts and flip through them to see if my eyes can pick out some good ones that are not easy to scan for. LYSCF was one that I saw the chart looking through a list of gold stocks trying to see if anything stood out.

It's nice to be able to just turn all the computers off and trade just by walking up to the chart without indicators or anything. Sort of like having an ultimate backup method.

This one has an inverted head and shoulders bottom and is about to break out over it with a bull flag.

These patterns are some of the most accurate and reliable known so I am always on the lookout for them. It is purely chart technician related and has nothing to do with knowing about anything about the company.


references I found on the net with info:

https://samuraitradingacademy.com/7-best-price-action-patterns/

https://www.google.com/search?q=inverted+head+and+shoulders+pattern