SYT 0.00% 0.1¢ syntonic limited

Breakout at 1.3c on Vol upTrend coming ??, page-833

  1. 24,192 Posts.
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    Ok red close.. perhaps largish parcel day traders/ ST swing traders selling of into the close or holders caught high a few days ago offloading into the strength ... Only saving grace for the day was luckily held on to the 3.6c support level with a close at 3.7c ... Given the stock finished near its lows I expect 3.6c to come under serious selling pressure tomorrow am ...if it falls and it closes below this support tomorrow then then retest of lows likely shortly there after IMHO . Volume was reasonable for small rally but the spike today was on approx. 40% less volume than the 0.049c high day... For mine I'd say this stock is a good for DT'ing/ ST'ing traders in the short term but I think Longer Term investors could a achieve a much cheaper entry in a few weeks with a bit more patience.

    All is IMHO DYOR
 
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