Be aware that shorter's winning rate is 50:50, according to statistics. They are not the smarter ones nor they have more info. As I said before, the peak of the shorts often occurs when the stock SP is at the bottom, a proof for the above statement. They make money on the downside but loss on the upside period.
The last bottom was around 20c in early 2020 (covid-19 panic). The graphite price was around $300 from my memory. SYR has developed significantly since then, grants, off-takes with majors etc. I would think that 50c should be is very close to the bottom. I was wrong when it was 70c and I might be wrong again.
SYR Charts, page-2976
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 (20min delay)
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Last
51.5¢ |
Change
0.025(5.10%) |
Mkt cap ! $443.9M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 52.3¢ | 49.8¢ | $2.327M | 4.555M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 173708 | 51.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 75991 | 12 |
View Market Depth
| Last trade - 15.27pm 21/05/2024 (20 minute delay) ? |
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Last
51.5¢ |
Change
0.025 ( 4.10 %) |
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| Open | High | Low | Volume | ||
| 50.0¢ | 52.5¢ | 49.8¢ | 1555828 | ||
| Last updated 15.43pm 21/05/2024 ? | |||||
| SYR (ASX) Chart |