As we know from previous though . This can change on a dime , and quickly put Sayona back into the spotlight of ' Best ' performer very quickly.
And hHaving considered everything I believe is going on in the market at the moment , and with respect to the flow on for Sayona's SP, my trajectory path for the coming week would go something like this :-
Stock will break through my previous target of 4.7 cents quite early in the piece and quickly without much effort surge to 5.1 cents where it will meet some temporary resistance and not so much pause but hesitantly and cautiously trade around this point before testing 5.2. cents.
Once it demonstrates the hold at 5.2 cents , it will quickly surge on through to 5.7 - 5.8 cents . This will most likely happen either later in the afternoon session tomorrow or early Tuesday morning on the open.
If it closes at 5.2 on solid supported volumes , and once it surges higher to those 5.7 - 5.8 cents levels , it will revisit the 6.1 cent level by Wednesday this week and more than likely be testing the recent low 7 highs by end of this trading week. So target by end of next week in my view is set for 7.4 - 7.5 cents.
That then sets us up for the final FULL trading week ahead of Quebec's Budget the following week which sets us back on that path of cracking the 8.0 cent which should quickly be followed by the 9.2 ( rounded 9.0 cents ) key price target.
Looking longer out , there will obviously be some oscillating back and forth trading with the aim to breaking and holding that 10 cent level before moving onto my next key price target of 11.5 cents.
With a little help then from the NEWs Gods , I am very optimistic at this stage that we are nudging the 14.5 - 15.0 cents price levels by close of Easter before retesting the Cap raise pricing of 18 cents the following week.
This is just my outlook based on what I have looked at and put together in support of my Investing strategies for this particular stock.
Everyone will have there own outlook in which they will no doubt be working towards so best of luck to whatever you approach and whatever tools you use.
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