General Discussion Topics, page-85195

A repeating pattern here...signalled by extreme low volume.

It happens when we have been in a descending wedge for a while, then the selling pressure slows.
We then have a little pump and dump, as buying pressure gets ahead of itself.
It gets to a point we have extremely LOW VOLUME, just as we did on Friday.
This seems to coincide with a jump in SP, which fizzles out...THIS IS WHERE I THINK WE ARE NOW.
We also have a (minor gravestone doji) at the top of this little run, which signals a reversal.
RSI is weakening
MACD is is turning south...
So we may see a reversal of SP for a while, maybe back to 20-21, a consolidation, then a major breakout and a monster run as we have previously seen. This is without news
Solid announcements could change this...

Interesting too, the latest Bloomberg interview with Keith.
They talked about the Tesla deal, which he confirmed will not be their only offtake. They are very close to signing another one which should be announced soon. Their SP has been quite strong lately...maybe the market is getting a sniff.
He also said that the NAL JV are in talks and we should see an announcement in this quarter.
But we already knew that, didn't we

As we know, lots to look forward to this quarter with lots of catalysts.

In terms of the macro, unless some other disaster pops out of nowhere, I do see a shift in sentiment and improvement in the markets overall.

The bears see this too, as they are losing their grip on the markets. So expect to see a gradual unwinding and closing of positions in Sayona, and across the board.

So then what are we left with-

Improving fundamentals-culminating in production
Improving macro- Shifting sentiment to a more positive, risk on attitude and shorters closing and going long
Improving TA- with what could be a major breakout looming

Add to that the headwinds that our competitors are facing - finance, staffing and permitting.....which will definitely give us an invaluable headstart on the competition.

Expect this to unfold over the coming weeks.
As the old Pantene slogan goes- It wont happen overnight, but it will happen!!! ( sorry for the cliche, but some of our younger posters may not be familiar with it)

Be kind to one-another, because if you are a true investor in Sayona, we are all in this together....

So good luck everyone, I am off for a nice lunch ( very special day the 14th!) and to enjoy this hot Melbourne weather with my family...

Have a great weekend everyone!