SYR syrah resources limited

SYR Charts, page-3077

  1. 918 Posts.
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    Thanks, short term it seems to have been the right choice but time will tell. the option to re-enter at a lower price is still an option but I'm not sure I want to do that at this stage with the shorting position going up, second highest shorted stock on the ASX as of the 26th... Still watching though
    https://hotcopper.com.au/data/attachments/5704/5704457-ea59c7904e2dd5433e0e598a341ed8d8.jpg
    It looks to be a pendant at the moment but that could easily change into an ascending/descending triangle, RSI has cooled a little bit, volume has dropped off. With the shorting interest on this I'm now looking at the downtrend support line more than the gap at 53c
    https://hotcopper.com.au/data/attachments/5704/5704489-ef422592c549e5e8b69e92276333ca2b.jpg

    There is a few interesting levels, I'm wondering if it will be shorted right down to the low point at 15c and marry up with the downtrend supporthttps://hotcopper.com.au/data/attachments/5704/5704527-53f77506307fd3dc3b563202201e31ad.jpg

    Anything could happen from here really. A good announcement could see a quick turn around, The China control on supply could play out how ever they choose but certainly motivates the need for outside supply, dirty infinite synthetic vs natural finite mined vs other emerging technologies. Being in wartime and interest rate hiking period, and the effect on the market as a whole. It all seems to be a red or black type scenario.
    I'm lacking in optimism in general so I'm choosing to be cautious but there are a lot of smarter people than me and this is just my personal thoughts
    GLA
 
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Last
25.0¢
Change
-0.030(10.7%)
Mkt cap ! $270.9M
Open High Low Value Volume
27.5¢ 27.5¢ 25.0¢ $1.597M 6.097M

Buyers (Bids)

No. Vol. Price($)
30 1173244 25.0¢
 

Sellers (Offers)

Price($) Vol. No.
25.5¢ 73827 3
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Last trade - 16.10pm 23/06/2025 (20 minute delay) ?
SYR (ASX) Chart
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