Australia's largest stock trading and investment forum Australia's #1 stock forum

SYR

Click for more information

0.98%

25.8¢ syrah resources limited

Ann: Becoming a substantial holder, page-8

First 8 Last

Share
Profile

Follow
Ignattious

1,436 Posts.

435

03/11/23

14:08

Post #: 70713747
Share

Originally posted by imback: ↑

It will take a pretty significant event to close the lower gap, imo. Not sure what that event is besides a CR.

Technically we have bounced off the 61.8% fib retracement (around 0.63) from this impulse wave which looks like a EW wave 1. We are in a wave 2 retrace which when done will push this to close that upper gap at 1.40 at some point.

I think the fundamentals changing from China were not considered when this was shorted to death. They will now try to keep a lid on this as they play a range trade and earn some money as they exit their shorts. Whilst the shorts are staying high, I believe they are new intra day shorters, whilst the long term shorters slowly exit. The overall shorts will slowly come down. They need to control the SP this way because they can't exit their entire shorts in one go without the SP going off. This is what BEOT can do when they have access to so many borrowed shares thanks to AusSuper and Vanguard and other long funds.

Expand

This is on the money.

All you need to set the cat amongst the pigeons is an announcement which gets retail FOMO'ing.

Like they are reopening a mine or getting a grant from somewhere ?

SYR Price at posting: 77.0¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

The winners & losers on market if negative gearing were gone

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

There are more pages in this discussion • 3 more messages in this thread...

First 8 Last

Add SYR (ASX) to my watchlist

(20min delay)
Last 25.8¢		Change 0.003(0.98%)		Mkt cap ! $269.0M

Open	High	Low	Value	Volume
26.5¢	27.0¢	25.3¢	$1.565M	6.006M

Buyers (Bids)

No.	Vol.	Price($)
5	79334	27.5¢

Sellers (Offers)

Price($)	Vol.	No.
23.0¢	30000	1

View Market Depth

No.	Vol.	Price($)
17	275555	0.255
15	539630	0.250
10	229103	0.245
15	503907	0.240
7	136250	0.235

Price($)	Vol.	No.
0.260	123627	17
0.265	161571	11
0.270	158743	8
0.275	447100	10
0.280	569568	10

Last trade - 15.59pm 27/09/2024 (20 minute delay)

SYR (ASX) Chart