General Discussion Topics, page-83841

We spoke a lot about fundamentals here, thanking again the recent exchausive research posted by GT. Technical analysis means nothing without fundamentals, but…

One way to know you’re on a “winner” is by observing charts. When you get macro bullish patterns - the cup and handle - and especially a GRAND one, it is clear that there is at least heightened interest in that equity. Regardless if it be longing, shorting, or mixed volatility. The fact is, Sayona has an absolutely obvious and year-long cup & handle. That too, ranging from 11 cents to 39 cents (254% size). At first, I thought the handle would be shorter in length, however, the instos have shorted over 10% to extend its length.

Here’s my educated feeling for where SYA may be heading.
1. The cup had a “capitulation-recovery” pattern when the SP dropped to 12c followed by a rapid 50% recovery to 18c. Recently, the handle had a 10%+ drop to 17 cents without company-specific reasons. That felt very much like a capitulation moment. Supported by, the 10%+ intraday green candles the two trading days after that showed recovery signs. So, near term it should be a fast recovery to 25.5 cents.
2. The handle should be at MAXIMUM as long as cup; otherwise, I’ve mislabeled the pattern (hence a prediction). The cup took a week less than 5 months to form, and so the handle should form in maximum that much time. In other words, we should see 39 cents at or before 5th February, 2023.



Another technical analysis evidence of “heightened interest” in SYA is the $200M volume traded during the ASX200 rebalance on the 19th September. This was at least 5X more (!) than every other newly listed company on the index, which really shows how badly funds wanted to enter.

So, the worst may well and truly be over for the SP. Only way forward is green and up. And fast. To recap, 25.5 cents within 2 weeks and 39 cents before 5th February next year. I wish you all a very happy new year spiritually, health-wise, family-wise, career-wise and DEFINITELY financially ❤️