SYR (ASX) SYR Charts

Originally posted by Cheeky-Charm: ↑

Hey @Stevious1 I really enjoyed your read up. I ran out of Great Analysis but I thought I should let you know you still have one from me! Well done on your short term trade there and reducing your risk according to your plan.
You mentioned "it looks like the gap will close soon"..

May I ask, are you referring to the 53c level on your previous post with the charts?

It has prompted me to also sketch an hourly chart just to see if we/other market participants are indeed looking at similar prices outlined below which happens to be an hourly chart with thoughts attached

Seeing as though Smart Money is increasing the short positions into a parabolic spike, which also failed at 150/200 EMA's on the daily chart, it makes sense for a push down seeing as though they trapped a lot of retail.

JP Morgan, State Street, Macquarie, basically every key player in the financial world has BOUGHT positions INTO the parabolic highs, trapping RETAIL purely so Smart Money have the ability to drive it down as SELLERS themselves + their cronies!The Daily chart now showing 67c bids hit could most likely wipe out the 66c Covers. 60c could be on the books short term if not, lower for the gap fill. The time to be long has already "long" gone. No puns intended SYRAH the stock that has probably burnt way too many! GLTAHZ!

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I made the case for SYRAH to go for a deep sell off with a potential discounted financing.....I apologise for my INCORRECT timing of the thesis. Outlined below, I have recently called and predicted the sell off on 4 very well known stocks. All calls were made ahead of time. My thesis for SYRAH revolves around a similar framework of research. If we are to use my own statistics, it's probably not IF but WHEN SYRAH also reaches my thesis.
DYL - Thesis made 9th October when prices were $1.265 target was $1.16

KAR - Thesis made 17th October when prices were $2.70 target was $2.20

TYR Thesis made when prices were $1.385 target was $1

Originally posted by Cheeky-Charm: ↑

Hey @Stevious1 I really enjoyed your read up. I ran out of Great Analysis but I thought I should let you know you still have one from me! Well done on your short term trade there and reducing your risk according to your plan.
You mentioned "it looks like the gap will close soon"..

May I ask, are you referring to the 53c level on your previous post with the charts?

It has prompted me to also sketch an hourly chart just to see if we/other market participants are indeed looking at similar prices outlined below which happens to be an hourly chart with thoughts attached

Seeing as though Smart Money is increasing the short positions into a parabolic spike, which also failed at 150/200 EMA's on the daily chart, it makes sense for a push down seeing as though they trapped a lot of retail.

JP Morgan, State Street, Macquarie, basically every key player in the financial world has BOUGHT positions INTO the parabolic highs, trapping RETAIL purely so Smart Money have the ability to drive it down as SELLERS themselves + their cronies!The Daily chart now showing 67c bids hit could most likely wipe out the 66c Covers. 60c could be on the books short term if not, lower for the gap fill. The time to be long has already "long" gone. No puns intended SYRAH the stock that has probably burnt way too many! GLTAHZ!

Expand

We now have SYRAH at the 80c level once more where the lower highs were formed.....Yes, I did warn to be careful, but I may have been a bit too early.
Instos have been FOLLOWING my work very closely. I don't get 10,000 likes, I don't get 10,000 views. I just get the smart money seeing my thesis, research and piggybacking how they can while a small handful of retail ever look at my research. Shame that. Daily chart blow on SYR.
Im either completely wrong on the thesis, or badly incorrectly timed....but notice how I haven't said IM RIGHT?! Lol I don't know WHEN they pull the rug on this....It''s weaker and weaker to me on fading volumes so I'm not convinced on the long side. GLTAHZ