FOR A SECOND TIME!!!!
LYC has BROKEN OUT over the weekend at $0.16, with rare earth prices going up in conjunction!!! What’s there to stop LYC in its march upwards?
There hasn’t been any specific news to the market, but the volumes that have been trading is saying otherwise! Perhaps something is brewing in the background, and to that we say “the charts say it all”.
To reiterate, a classic breakout pattern over the resistance level, and looking to keep moving higher. On top of that, they are in an the interesting space of lithium/rare earths that are growing in demand as electric powered (lithium-ion) goods increase.
With the environmental issues in their mining operations (jurisdiction Malaysia) now in the past, they seem to be pushing forward hard.