Daily Murmur 06/06/11

by Gary Glover

Lynas looks to be in trouble here.  The bearish consolidation recently shows that the market is struggling to trade higher and the spike in volume last week shows that the sellers are very keen at these levels.  The daily charts shows a break of the trend also so it should trade back towards the $1.70 region.  This is often referred as a flag or pennant technical formation.


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