LYNAS TARGET HIT - UPDATE - FURTHER DOWNSIDE EXPECTED

Updated
Update to the idea posted on 27 September.

As expected and noted the $1.80 region got tested. Fundamentally nothing has changed, we are in a down trend and I still expect the price to go down to $1.425, at which point I will be scaling my long term buys in.

This is not withstanding the fact that LYC is still a good swing trade option, as per my call last week we seen a 10% increase.
I'd be selling this now and waiting for further downside

Next week I expect the price to retest $1.60,
IF this region holds, it will retest the $1.80 region.
IF it does not hold, I expect to see the $1.40 region this month.

Will reassess towards the end of next week.

May the gains be with you.

Note
REFER TO THE CHART BELOW EXPECTING THE BOUNCE

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