There is a gap at $4 - looks to be the only gap not filled.
Retrace to $4 is possible, so is $3.50, even $2.50 - but what is likely considering the current retrace is already -32% and haircut being taken by the last CR $194m at $6.05.
At current SP SYR EV is $877m. At $3.50 the EV is $600m and at $2.50, $334m - less than MNS. DCF calcs and multiples would be compelling at that price.
TA shows at $4.50 the SP is currently coincident with the trend line and support line, my pick is a bounce off both and trend towards $5.50?
Syr entry target, any gaps?, page-2
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Last
47.5¢ |
Change
-0.015(3.06%) |
Mkt cap ! $407.5M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 50.0¢ | 47.0¢ | $2.942M | 6.147M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 49829 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 127521 | 4 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
47.8¢ |
Change
-0.015 ( 3.36 %) |
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| Open | High | Low | Volume | ||
| 49.5¢ | 49.5¢ | 47.0¢ | 1344681 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| SYR (ASX) Chart |