SYA 3.03% 3.4¢ sayona mining limited

General Discussion Topics, page-130132

  1. 1,529 Posts.
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    So 3 lithium stocks with bullish candles and a support or resistance line nearby to either bounce off or meet tomorrow. On the other hand SYA's a bit of a hard read, Stochastic RSI on the 24 hour is looking a bit high, we will most likely hit 3.7c, especially with the volume that has decreased on that support at the end of today. We did just break through the 50 period MA so thats a nice move, so if 3.7c can hold we will most likely bounce back to the 3.9c to 4c area and if there is alot of selling pressure getting us to 3.7c we may have a nice RSI to carry us to 4.4c, otherwise we will drop to around the 3.4c area, given that we held our price so well the past few days while most other lithium stocks took a beating it may be time to test a lower price level. Im thinking if we go that low we should bounce back to 3.7c, usually when making a new low most stocks bounce back to an old support, that will be a resistance now though so be mindful of that.

    Also Ive noticed volume has been decreasing the past few days so thats usually a bearish sign so theres that to take consideration of, im still seeing bullish signs so still feel like were heading to 5c+ in 2 weeks so im not too worried if it does make a move down.

    So yeah big likely hood of 3.7c with a likely bounce back to the 4c area as our normal RSI for the 24 hour period is still quite low, however ive noticed a zig zag pattern on it, and we made a move up on the RSI today so making a move down seems to follow that trend, so most likely a 3.9c close if it does bounce.

    If we see big volume in the morning on the buy side we may not even drop and find the stochastic staying near the top while we make a move to around 4.4c, so fingers crossed for that. SYA is kind of in the middle of a cross so its hard to make an accurate forecast, however most likely will be a drop to test again before going up any further as volume has slowed down and thats a telltale sign of a drop.

    Anyways heres some stocks with some bullish signals.

    https://hotcopper.com.au/data/attachments/5939/5939339-d5a1abc1217c747d010ff3270c020c5b.jpg
 
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Last
3.4¢
Change
0.001(3.03%)
Mkt cap ! $349.9M
Open High Low Value Volume
3.3¢ 3.4¢ 3.3¢ $381.2K 11.37M

Buyers (Bids)

No. Vol. Price($)
69 16672213 3.3¢
 

Sellers (Offers)

Price($) Vol. No.
3.4¢ 7359997 21
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Last trade - 16.10pm 19/07/2024 (20 minute delay) ?
SYA (ASX) Chart
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