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
44.0¢ |
Change
-0.015(3.30%) |
Mkt cap ! $377.4M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 45.5¢ | 43.8¢ | $1.965M | 4.423M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 237489 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 2300 | 1 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
44.0¢ |
Change
-0.015 ( 3.64 %) |
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| Open | High | Low | Volume | ||
| 45.5¢ | 45.5¢ | 43.5¢ | 1256040 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
| SYR (ASX) Chart |