SYR syrah resources limited

0.00%

38.0¢

Kudos to you mate. SP really rising today again. You may be on...

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jjsbuy

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29/01/24

10:25

Post #: 72105383
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Originally posted by Cheeky-Charm: ↑

I really want to add more next week....but I think if enough see and buy into the sentiment then I probably would need to buy ASAP before I end up becoming a victim of chasing price. I have 7,500 partial shares and my max size would allow 15,000 total, which if all goes well on Monday I'm adding more to it. Once I add, I will share another chart which luckily I forgot to post on Friday. I would hate for others to also miss out on sleep as I did

P.S If I posted in the Short Term Threads I think I would get 30+ likes a post lol I think ima start doing that again. Each G.A and thumbs up really helps my viewership and audience growth thanks to all !!

In the Substantial Holder Thread, I made a post regarding the shortsell data seen here:
https://hotcopper.com.au/threads/ann-change-in-substantial-holding.7816882/page-3?post_id=72075048AI thought it would be required to also post my charting in the appropriate thread. Below is the graph for ShortSell Data, I have also attached a Daily chart showing the exact dates where SHORTING and COVERING took place

And here is how that data correlates with the share price ofSYR

1st Green circle is that sharp drop in shortsellers as they were all covering.
1st RED Circle on 18th September is when heavy shorting took place and went parabolic all the way to the 2nd red circle, being the SYR top on 23rd Nov. Also visible on the shortsell data.

AFTER THIS, prices bounced off a dip to retest resistance. This zone in the yellow box was shortsellers COVERING their position

THEN we have the 1st to 7th December shorted big, as per shortsell data we can see a small spike there in December before it went flatline, and then Shortsellers peaked again from 2nd Jan til current.

AT CURRENT LEVELS, there's now 110.5M shares SHORT
Prices are near a low, and shortseller numbers when SYR was AT THE TOP was 126M shares short... This is scary for a shortseller...I do not want to hold such a large amount near these levels as covering could push prices back towards 62.5c or so

To be fair, last time they started shorting heavy was when prices were at those 42c lows....pushing it as high as 95c!! Now with 110.5M< shares once again at these 40c zones, my money is to bet on the repeated pattern here hence my LONG BIAS

P.S I know my posts come across with strong conviction and confidence. there are NO certainties. I don't want to mislead anyone. IF I AM WRONG I WILL CUT THIS

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Kudos to you mate. SP really rising today again. You may be on the money. I hope you are right. My top ups between at 41 - 43 cents is looking healthy. I am going long now on SYR.

SYR Price at posting: 47.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 38.0¢		Change 0.000(0.00%)		Mkt cap ! $396.0M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	2669	37.5¢

Sellers (Offers)

Price($)	Vol.	No.
37.5¢	8333	2

View Market Depth

No.	Vol.	Price($)
1	2669	0.375
3	56850	0.370
3	132700	0.365
9	382000	0.360
2	22817	0.355

Price($)	Vol.	No.
0.375	8333	2
0.385	800	1
0.390	2700	1
0.400	117000	4
0.405	37000	1

Last trade - 16.26pm 30/07/2025 (20 minute delay)

SYR (ASX) Chart

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