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Cheeky-Charm

4,600 Posts.

410

04/04/24

03:12

Post #: 73177947
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SYR has done a lovely job today spiking nicely!! Went accordingly to my trading plan although I did have 55c as a sell target.

I unloaded partial position into 53c, and sold the rest at 54c twice after realising that was best case scenario for the day. If there was anything I did different, it would be to sell the remaining half ALL at 54c instead of 2 partials at the same price, adding more to my brokerage.

Realised Profits: +$731.25 with my trading prints below Great start for April

SENTIMENT: BUY ie I am STILL Bullish
POSITION: NOT HELD but would like to re-enter on a small dip IF I can, otherwise happy to pay the market price for another daytrade OR swing

Originally posted by Cheeky-Charm: ↑

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!

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

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
Retest of Cap Raise price along with a downtrend line may be on the books 31 days from now
Then again I may have it completely wrong and that's also fine

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.

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This post was on the 30th of March, however I did enter as per my trading statements on the 28th March. Screenshotted below is a thesis I made, also highlighting my swing trade entry the only thing remaining from the thesis I made days in advance, is news which is only a matter of time. GLTAHz!

SYR Price at posting: 52.5¢ Sentiment: Buy Disclosure: Not Held
2 Upvote

0 Great analysis

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