Mate just correlate the share price with the ASIC shortlist available on shortman.
I cant put them on the same graph as I dont have a graphing app. (Im not a day trader):
PRICE GRAPH
SHORTING GRAPH
Notice that from Sept 2022 when the shorts went from sub 1% to between 7-10%. It would also follow the logic of a T/A so you can clarify it for me.
If they didnt breach the previous peak set in April 2022 then the subsequent peak is then considered a "trend reversal" is it not?
So the shorts arent stupid, they have seen the surge, read the charts and have taken a position. It appears some were bought back when BL resigned and we had a capital raising. But that the shorting has since continued probably based predominately on falling commodity price.
Its actually good to see this as a long term investor. Because most havent got a clue what is going on, they simply see a falling share price and media articles saying "too much lithium".
As I have said many times now. Think about 11% short sold into the market. That stock will have to be reacquired at some point. An in SYAs case thats 1.1B shares to be bought. They will buy them at some point, they may already be in accumulation, but as you can see pre July 2021 shorting graph. When you have it low or rather close to zero, that will be once our share price starts to gain proper traction.
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Mate just correlate the share price with the ASIC shortlist...
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Last
2.7¢ |
Change
0.001(3.85%) |
Mkt cap ! $277.9M |
Open | High | Low | Value | Volume |
2.7¢ | 2.8¢ | 2.6¢ | $373.5K | 13.94M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 304708 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 6844913 | 26 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 159964 | 0.027 |
52 | 10800166 | 0.026 |
65 | 9858927 | 0.025 |
48 | 10259194 | 0.024 |
29 | 8248780 | 0.023 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 6844913 | 26 |
0.029 | 6801833 | 27 |
0.030 | 8232621 | 47 |
0.031 | 2174886 | 14 |
0.032 | 4434966 | 16 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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