SYR 5.00% 21.0¢ syrah resources limited

Action packed day ahead - I think SYR might have become...

  1. 257 Posts.
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    Action packed day ahead - I think SYR might have become temporarily disconnected from the larger market and will sail under it's own wind for a little while. Any large players that haven't quit their short positions yet will be desperate to keep price from closing in or above the $1.36 to $1.405 range because that will invite in a whole new gang of breakout traders. So we might expect some big buckets of short selling to cool down price- they will go kicking and screaming. Depends where and how it ends up closing but the problem for these guys is if it they successfully cool the price down but it finds a strong support level, it will invite in a whole other bunch of breakout traders waiting for an entry on the pullback.

    Popcorn at the ready!!

    https://hotcopper.com.au/data/attachments/1578/1578120-62678278ac12a9c379f5e7c5340722a2.jpg
    Last edited by Rooster100: 03/06/19
 
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Mkt cap ! $217.3M
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20.5¢ 21.0¢ 20.0¢ $278.6K 1.346M

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21.0¢ 33436 2
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Last trade - 16.10pm 06/09/2024 (20 minute delay) ?
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