SYR syrah resources limited

SYR Charts, page-3219

  1. 918 Posts.
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    A few charts I'm looking at

    1hr chart. It is stretching the upper edge of the BB, looks similar to just before the announcement of Vidalia a few days ago. Support has been good off the 20ema (dark grey), both 50s has crossed over the 200s. RSI getting up to the overbought line
    https://hotcopper.com.au/data/attachments/5960/5960408-38ed12a2a22550bef9d76e6904d5632a.jpg

    1 day chart. Nice bounce off the 8sma today (dark blue) with a nice big green candle, again pushing out of the BB
    https://hotcopper.com.au/data/attachments/5960/5960414-26bc0da3cd82d483d846b406566fd336.jpg

    1 week chart. It has touched the BB median (black line also 20sma) the 8s and 3s tucked up underneath. Maybe some resistance here...
    https://hotcopper.com.au/data/attachments/5960/5960419-d2dc943d2444907df8881f4980594350.jpg

    Looking at FIB after the previous big downtrend the bounce met resistance at the first FIB line the resumed the downtrend which was also previously a price resistance zone
    https://hotcopper.com.au/data/attachments/5960/5960422-5e13fa6e2032a35b2a1cd21505f2632d.jpg

    More recently the last candle moved almost perfectly between the first and second line, there was a shooting star candle a little bit back and if you follow the 0.382 line back even further I can see some more support and resistance candles. Maybe a good spot for a cool down and a retest of some MAs below. Then again maybe they'll spring another announcement on us...
    https://hotcopper.com.au/data/attachments/5960/5960424-92ce59cc1ca36d4560232f602746a6f3.jpg

    Let's see what tomorrow holds
    GLA
 
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SYR (ASX) Chart
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