SYR 4.44% 23.5¢ syrah resources limited

Chart - Downtrend weakening ?

  1. 408 Posts.
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    There are indications that the downtrend in SYR may be weakening.

    On a weekly chart SYR has formed two swing point lows with almost equal prices:
    15/03/2017 - $2.24
    27/04/2017 - $2.23

    On a weekly MACD chart, there is MACDH divergence between the two swing point lows.
    On a daily MACD chart, there is MACD divergence between the two swing point lows.

    Lines connecting successive swing point lows are becoming shallower and shallower indicating that the downtrend is weakening and potentially bottoming out.

    The current rally from the recent low of $2.23 needs to show more volume if it is going to threaten the downtrend line.

    Weekly Bar Chart
    SYR Weekly 2017-05-08.png

    Daily MACD Chart
    SYR MACD Divergence 2017-05-08.png

    Daily Bar Chart with Volume

    SYR Daily Volume 2017-05-08.png
 
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Last
23.5¢
Change
0.010(4.44%)
Mkt cap ! $258.7M
Open High Low Value Volume
22.5¢ 26.5¢ 22.5¢ $2.292M 9.413M

Buyers (Bids)

No. Vol. Price($)
10 794897 23.5¢
 

Sellers (Offers)

Price($) Vol. No.
24.0¢ 324449 21
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Last trade - 15.15pm 18/11/2024 (20 minute delay) ?
SYR (ASX) Chart
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