Looks to be in a wedge formation to me (purple lines), i have a small amount to invest, but its short term direction is still unclear to me.
The Bollinger Band being within the Keltner channel emphasises its sideways trend. It is characterised as being in a squeeze formation, when its breaks out it should do so strongly.
If the SP drops below $2.42 (KC Lower) it signals a strong downward trend, it needs to get above 2.79 to break upwards. (but those numbers will change obviously)
Chart - Downtrend weakening ?, page-14
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Last
21.5¢ |
Change
-0.005(2.27%) |
Mkt cap ! $222.5M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.5¢ | 21.5¢ | $329.4K | 1.501M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 153239 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 98001 | 3 |
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| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| SYR (ASX) Chart |