Ann: Security Incident near Ancuabe in Cabo Delgado Province, page-54

I am not a chartist expert but I like to see price action in simple charts and combine it with fundamental analysis (I see a great potential in this company and made a fortune post CoVid in this company as I believe in vertical integration and SYR owns biggest natural graphite resource, but there are some security risks in Mozambique)
Coming back to chart analysis, below are points to consider:
- SP still in upward trend, first major support is at 1.25 area (refer red line), but if you have followed SYR long enough, you would know SYR is famous for making wild swings, so I wont be surprised if visits 1.12 (next line which is still upward trend line- blue line) provided broader market weakness linger on for longer (look at Dow and all major indices e.g. NAS, S&P, then DAX and FTSE, all sitting at major support area).
- If there is a major sell off in broader equity market then I anticipate this upward trend in SP will not sustain and we might visit the major support area of approx. $1 mark which has held pretty well in last one year. I highly doubt SP will go lower than that. SYR had some really good news regarding Vidalia plant and it has US government funding support too.
- SP has breached 200 moving average in last two days which is bearish
- One last thing and really worries me is increasing Shorters interest in last one month which is sitting at 3.5% at the moment. In case of no major updates/ news, shorters has really beaten this stock in past.

I think there will be some downside to SP in coming days and if we are lucky and broader equity market recovers then we can go back toward $2 mark soon.
I see short term pain is here but in long term this will do well.

Again- no one knows the future and above analysis is probabilistic one. GLTAH