SYR 2.94% 52.5¢ syrah resources limited

For me as a Retailer who likes to partake on the short side, I...

  1. 4,574 Posts.
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    For me as a Retailer who likes to partake on the short side, I have not been able to locate a single share since I wanna say early February 2024 from memory. Since then I have only been trying to look for long opportunities. Not to mention, the downside meat in the move is little, relative to the short term upside it can have. It's certainly not looking to trap retail on the short side as there are NO BORROWS, BUT if Sophs have accounts with JP, Citi, other places I am sure they may be lured in with the story of SYR being #2 most shorted.

    Smells trappy! what.png

    Here is a Daily Chart with what I now see in terms of short term risk to reward. The lines and levels are really sketched on a Weekly but my charts are always preloaded on the daily. One can use the same levels I have to see how they may look on the Weekly smile.png

    https://hotcopper.com.au/data/attachments/6068/6068404-4d15c319f45282d444c678246a7c3b3a.jpg

    These exact lines are also on the Monthly. If this Month is to be a new Higher LOW, we may see April seeing prices have a short term bounce
    Definitely worth watching
    Daily chart has noise which is designed to scare and confuse wink.png
    Retest of Cap Raise price along with a downtrend line may be on the books 31 days from now sneaky.png
    Then again I may have it completely wrong and that's also fine cool.png

    Cheers and enjoy the long weekend everybody! Life is good, we can't dwell on material things like money. It's all an illusion anyways what's REAL is family, relationships, connections. biggrin.png

    https://hotcopper.com.au/data/attachments/6068/6068406-2a09bbcaf525c9b6a9fbd5273b3be97a.jpg
    Last edited by Cheeky-Charm: 30/03/24
 
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Last
52.5¢
Change
0.015(2.94%)
Mkt cap ! $449.8M
Open High Low Value Volume
51.5¢ 54.5¢ 51.5¢ $2.473M 4.648M

Buyers (Bids)

No. Vol. Price($)
4 309565 52.0¢
 

Sellers (Offers)

Price($) Vol. No.
52.5¢ 48436 3
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Last trade - 16.10pm 30/04/2024 (20 minute delay) ?
Last
52.5¢
  Change
0.015 ( 3.14 %)
Open High Low Volume
52.5¢ 54.5¢ 52.0¢ 455108
Last updated 15.58pm 30/04/2024 ?
SYR (ASX) Chart
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