when I’m in front of a computer I’ll draw you a chart newb.
in a nutshell the price has diverged off the bottom of a short term expanding wedge formation which started being formed on a 1st of feb with inflection points @1.195 and 1.49 set within 3 days. We can see the final major inflection point at the bottom of the wedge @97.5 which coincides with the top of a fast falling trend support downtrend in play since 2017. Now I’m looking for this to bounce and meet the next inflection point which I see as 1.38 which is roughly .382 reversal of the fall from 2.01 when the quarterly came out
this is the start of a big reversal imo. The next 21 days should be a mirrored image of the last 21 days but in reverse. Computer bots and algorithisms create this perfection on charts now so you just have to find there signature so to speak.
It would be strongly validated in my eyes if you saw 1.15 tomorrow and 1.20 by Friday and then 1.38-39 in a move that catches everyone by surprise to hit the next inflection point. I’d go so far to call 1.15 tomoro and If it comes in I’ll draw you the forecast I’m looking at but so far all points to a full 100% retracement of the fall from 2.01 in almost as quick fashion as it fell... just a couple of things need confirmation by the end of the week.
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Last
21.5¢ |
Change
-0.005(2.27%) |
Mkt cap ! $232.8M |
Open | High | Low | Value | Volume |
22.0¢ | 22.5¢ | 21.3¢ | $935.2K | 4.302M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 287530 | 21.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 106859 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 116062 | 1.070 |
10 | 209299 | 1.065 |
8 | 106613 | 1.060 |
6 | 96647 | 1.055 |
10 | 132219 | 1.050 |
Price($) | Vol. | No. |
---|---|---|
1.075 | 58078 | 4 |
1.080 | 70753 | 4 |
1.085 | 72117 | 5 |
1.090 | 103210 | 6 |
1.095 | 57928 | 2 |
Last trade - 16.10pm 26/11/2024 (20 minute delay) ? |
SYR (ASX) Chart |