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48.0¢ syrah resources limited

This is on the money.All you need to set the cat amongst the...

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Ignattious

1,384 Posts.

367

03/11/23

14:08

Post #: 70713747
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Originally posted by imback: ↑

It will take a pretty significant event to close the lower gap, imo. Not sure what that event is besides a CR.

Technically we have bounced off the 61.8% fib retracement (around 0.63) from this impulse wave which looks like a EW wave 1. We are in a wave 2 retrace which when done will push this to close that upper gap at 1.40 at some point.

I think the fundamentals changing from China were not considered when this was shorted to death. They will now try to keep a lid on this as they play a range trade and earn some money as they exit their shorts. Whilst the shorts are staying high, I believe they are new intra day shorters, whilst the long term shorters slowly exit. The overall shorts will slowly come down. They need to control the SP this way because they can't exit their entire shorts in one go without the SP going off. This is what BEOT can do when they have access to so many borrowed shares thanks to AusSuper and Vanguard and other long funds.

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This is on the money.

All you need to set the cat amongst the pigeons is an announcement which gets retail FOMO'ing.

Like they are reopening a mine or getting a grant from somewhere ?

SYR Price at posting: 77.0¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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(20min delay)
Last 48.0¢		Change -0.005(1.03%)		Mkt cap ! $416.0M

Open	High	Low	Value	Volume
48.5¢	48.5¢	48.0¢	$212.7K	440.5K

Buyers (Bids)

No.	Vol.	Price($)
42	107944	48.0¢

Sellers (Offers)

Price($)	Vol.	No.
48.5¢	227132	26

View Market Depth

No.	Vol.	Price($)
42	115244	0.480
21	248582	0.475
9	156533	0.470
13	98117	0.465
19	385549	0.460

Price($)	Vol.	No.
0.485	227199	26
0.490	172253	14
0.495	207227	8
0.500	521863	12
0.505	215000	3

Last trade - 12.51pm 13/05/2024 (20 minute delay)


Last 48.0¢			Change -0.005 ( 0.81 %)
Open	High		Low	Volume
48.5¢	48.5¢		48.0¢	228931
Last updated 13.03pm 13/05/2024 ?

SYR (ASX) Chart

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