SYR - Trade PlanSYR is a stock with a lot of upside potential. It is currently pulling back towards its bullish pennant and to the support zone between $1.060 - $1.140, where I will be looking for a potential buying opportunity once bullish price action is confirmed. Lets see how it develops.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SYR
Interesting times ahead ?Interesting times are here. I do not trade companies with operations outside Australia. It is just a part of my risk management process. But for those who are following it, this cannot get more interesting. Crunch time. Yellow dotted line is the LT trendline (down) red dotted lines are support/resistance zones. Wait for the breakout
SYR - SYRAHAfter breaking out of a Cypher Syrah seems to have made Sub A... Syrah should be building an ABCDE triangle but what threw me off originally was the move between A and B, where i have now established a WXY zigzag inside of it, and remains to be valid. If im rite Syrah should see a breakout to 1.25 aud... in this case B needs to hold !! if not it could see 86 cents (which would then become B) before another swing to 1.25 which would become C
SYRAH RESOURSES NEWS Emailed news gave it a push. Will we make a double bottom or break $1.30 and extend the 5th. Lets see how it plays out !
Dear Shareholder,
Syrah Resources Limited (ASX: SYR) (“Syrah” or “Company”) provides an update on the repair of the Primary Classifier Unit:.
Replacement Primary Classifier Unit has arrived on site and been placed into position.
Remaining installation works, commissioning and return to full production remains on track (refer to ASX announcements 4 and 22 October 2018).