SYA 2.86% 3.4¢ sayona mining limited

General Discussion Topics, page-64558

  1. PM4
    544 Posts.
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    Hey 88, looking to expand from AGY. SYA is the next asx listed to produce after CXO. Not much in the way of TA over here at SYA.

    My rudimentary TA take is it broke it’s downtrend in midish July and it has settled into a trading range between 18/21. It attempted to break out on Friday but got beaten down.

    I would have said before Friday that the downside risk was 17.5/18. But I think this is going to break out above 21 soon. Not terribly overbought on the RSI (daily) and the MACD (daily) is trending in the right direction.

    Macro is improving and the material sector is bouncing.

    Good luck, I bought more recently based on the break of the downtrend.
 
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