SYA 8.57% 3.8¢ sayona mining limited

Spot Prices, page-617

  1. 4,502 Posts.
    lightbulb Created with Sketch. 555
    I think that getting out of the asx200 will force some fund to dump their holding. It doesn't change that if the lithium down turn is ending to be a big positive for SYA and other in the same sector. But no matter what those fund need to sell as many can only hold stock from the asx200....if lithium is really picking up, this is hilarious, many of those fund, big holder, must sell while witnessing a possible uptrend happening....and because some of those big holder, that have lend they stock to shorter, need them back....that could explain the lower holding by shorter ( from shortman.com.au).
    So yes, we are going backwards, I expect more ann from fund to say that they no longer hold, this will scare some holder, and more pressure on the SP, but no matter this, if the price of lithium is to keep rising, once those fund are finished to sell....it is going to be a very good time a bit later on. If lithium price doesn't pick up, well...we are in for more pain. The key is lithium price and recent sign are positive...I am waiting a bit more to get back in...

 
watchlist Created with Sketch. Add SYA (ASX) to my watchlist
(20min delay)
Last
3.8¢
Change
0.003(8.57%)
Mkt cap ! $391.1M
Open High Low Value Volume
3.6¢ 3.9¢ 3.6¢ $2.282M 61.09M

Buyers (Bids)

No. Vol. Price($)
62 8227954 3.7¢
 

Sellers (Offers)

Price($) Vol. No.
3.8¢ 1431220 8
View Market Depth
Last trade - 16.10pm 27/06/2024 (20 minute delay) ?
SYA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.