SYR is the largest graphite producer outside of China with mines in Mozambique, America appears to be on possible primary wave 3 and has just completed a subwave 2 taking notice of the 90% retracement level of the previous sw1 at $0.04 on the monthly chart.If you drill down to the weekly SYR has retraced to the 76% retracement of the previous ssw1 from the low at $0.365. Initial target for the ssw pattern is around $1.02 (161.8 ext of the ssw pattern) or if you are a little more adventurous the larger target off the sw pattern is around $4.47 with the potential to go a lot further.A compelling reason to buy SYR now.
SYR Price at posting:
52.0¢ Sentiment: Buy Disclosure: Held
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