Not being a chartist but it appears that SP is demand driven - not chart driven. Subsequently SP dependent on market forces and charts follow.
In light of the latest announcement, things appear to be more favourable now to SYA then the lull of the last year or two and it seems that markets are ready to reward the company. Retracement may occur and generally does after a spike in prices, however if comparing with other Li plays SYA certainly has a very low MC even at the current level. The expectation is huge on SYA and possibly a view of positive outcome of things to come are driving demand - even though SOI is at approx 3.3B the changing levels of ownership has been massive in the last few days.
Can't blame people for taking profit, however, if you're long, then the risk reward equation appears to be swinging favourably. By hook or by crook I'm staying put.
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Last
2.9¢ |
Change
0.001(1.79%) |
Mkt cap ! $298.5M |
Open | High | Low | Value | Volume |
2.9¢ | 3.0¢ | 2.9¢ | $632.0K | 21.77M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 11220847 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 1229934 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 11320847 | 0.028 |
32 | 9821070 | 0.027 |
26 | 16034696 | 0.026 |
47 | 11742220 | 0.025 |
28 | 3144746 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 936627 | 11 |
0.030 | 7492587 | 46 |
0.031 | 6280000 | 27 |
0.032 | 3178114 | 26 |
0.033 | 3675312 | 12 |
Last trade - 12.36pm 22/08/2024 (20 minute delay) ? |
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SYA (ASX) Chart |