SYA 6.90% 3.1¢ sayona mining limited

SYA Chart, page-2193

  1. 1,864 Posts.
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    Some Interesting charts today, due to the CR causing a breakaway gap to the downside.
    https://hotcopper.com.au/data/attachments/5313/5313128-8da8a45f0ab9ab90f76af21bc34a2f65.jpg
    In oversold territory during the day, with solid support at 18 and MASSIVE volume.
    Have not seen volumes, buy and sell walls like this in along time.
    There is a lot of interest and liquidity running through this stock at the moment.
    Would be a combination of retail and investor buying as its in oversold territory, shorters closing, traders loading up and maybe even funds loading up at this price...will have to check the ETF's. Even I bought some today at 18.5...in the super this lot.

    Doji formed, as we opened and closed at 18.5...reversal signal
    Strong support at 18
    Most indicators are bottoming and oversold.
    We may have a few days of pain, but surprisingly, it looks like due to the sudden drop its bottomed and primed for a bounce, particularly because the support line at 18 is the strongest I have ever seen. If they somehow push it down through 18 , we cold be in trouble, but it just looks so solid.
    And this time 18 isn't propped. There is a lot of legitimate buyers who want in at this level.
    It feels like all it needs is a good announcement to ignite it back up

    https://hotcopper.com.au/data/attachments/5313/5313191-0fa287e7410c4b4f18c39302a7d6fa8e.jpg

    Some BIG after sales and even a 19....
    https://hotcopper.com.au/data/attachments/5313/5313188-468b9f44fd59a4e9477e1989b47072da.jpg
    And a Buyer/Seller GAP
    Cant remember the last time this happened...it looks as though any remaining 18.5 got hoovered in the auction.
    Now there is a 1c gap between the buy and sell, and it aint getting past 18...for now anyway. 19 got hit a few times today.
    I know it sounds crazy after a 12% fall today, but it felt very strong and positive.
    Certainly not what happened at VUL. The complete opposite actually
    Maybe because we were already in an undervalued, sideways low level consolidation period.
    https://hotcopper.com.au/data/attachments/5313/5313202-8c0f2303766ae173ce2281e8ecbfb7a0.jpg
    No doubt it will get sorted in the morning and can almost be considered a gap up....strange....

    Anyway, not sure what they are waiting for with these announcements. Maybe they are waiting for things to settle post CR or waiting until the new investors shares hit the register...or maybe they'll drop one tomorrow??

    The macro sure is looking good with the US futures up, hopefully driving the S&P into the mid 4200's, it would sure be nice to ride that positive sentiment with a great announcement!

    C'mon Brett, release The Kraken!!!

    Good luck everyone.
 
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