SYR 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...
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
Watchlist Trading above 21EMA Approaching last area of resistance, 45c Volume dropping off Watch for any increase in volume
possible flat zigzag triangle set up in action. play to target, with stop loss at lows !!!
After failing to hold a key support line at 80 cents, it seems we could find support at 60 cents based on this analysis
After 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...
Chart has a note or 2
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...
are we looking at an extended 5th wave in C to 1AUD ?
We can assume that SYR will test 100ma like it has done before. target price is $3 short term.
Currently suspended from twitter for posting $SYR (told you so) chart so not sure this will be put in my feed Trade the chart
See cupping action - Similar price action as to what $SYR (another graphite company) was doing in April this year. Good risk reward here.