SYT 0.00% 0.1¢ syntonic limited

SYT Chart, page-85

  1. 5,640 Posts.
    lightbulb Created with Sketch. 2841
    Thanks Nick. By way of contrast to the other chart I put up, here is a clearer view. The first chart shows an apparent down trend from the extreme SP high post-relist. If you disregard the high spike/profit taking post-listing - common to all RTOs - and remove the sharp down trend line it creates, we can see that SYT has in fact been forming a long, well-established basing channel, respecting both support and resistance.

    We are looking for a break and hold above the zero line to confirm.

    syt_ax16jun16_to_12jan18.png

    Despite four major trading opportunities in the price spikes - the vertical lines - and subsequent profit taking, the trend of bullish divergence to accumulation continues unabated. Interestingly, all four prices spikes were on solid FA announcements.

    Jan 2017: Freeway App on iPhone

    Mar 2107: Verizon licenses SYT platform.

    June 2017: Launch of OTT content services in US

    Sep 2107: Webinar/Overpass on Apple

    Nov 2017: No price spike on the announcement of SYT expanding into China/Vietnam, instead a sell down - traders expecting more and taking profits? - yet Twiggs Money Flow shows a clear reversal to accumulation despite the sell down, and continued respect of the long term uptrend. Again, bullish divergence.

    Seems to me that while the various announcements show developing fundamental strength for SYT, absent evidence of increased revenue flow the SP continues to base. Meanwhile accumulation continues. At some point in the coming quarter or two, maybe sooner, we will get an announcement - China deployment, great quarterly, additional Tier 1s, Tata, who knows - but it will be the signal the market has been waiting for, and should/will trigger a move out of the base into uptrend.

    While these are only my thoughts, and while clarity from the company could be better, lately we have been getting much better insight from IR thanks to the posters here who know what they are talking about who take the time to mail the company seeking the clarification the market is looking for. I know it should not necessarily have to be this way, yet for me, the replies that have been posted show a very clear and positive development in the fundamental outlook for SYT.

    Thanks to all who do this for the benefit of everyone else.

    Telcos are notorious for the time they take to adopt new technology. This is especially true when it entails not just changing their own individual business model, but the entire global industry as is the case with SYT and sponsored data. Doesn't mean it isn't happening.

    SYT's announcements clearly show it is.

    Just my view on things.
 
watchlist Created with Sketch. Add SYT (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.