SYR 3.33% 29.0¢ syrah resources limited

I am identifying levels of support that might give insight as to...

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    I am identifying levels of support that might give insight as to where a turnaround might occur.  As we can see from the below chart, there are 3 levels of horizontal support; $4.40 (which no longer applies as has just been broken, $4.05 which will be our next most important level, and $3.60. There are no horizontal support levels below this.

    There's also a very important long term uptrend which should provide support (blue). I'll be watching this closely as we're in this zone now, of $4.20-$4.30. If this line is broken then it would offer an opportunity to open a short position based on TA alone.

 
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