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I'm surprised you don't have your own charting software.

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Polly Waffle

816 Posts.

84

20/01/19

18:37

Post #: 37169161
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Originally posted by Lies&damnlies ↑

Hi

For the last 41 weeks the weekly hi-lo candle has been either below the 10WMA or touching it. The 10WMA has been descending on a weekly basis throughout that period. Obviously from the chart its a very bearish call.

In the last week the Hi-lo traded entirely above the 10WMA for the first time for a long time. See the chart below. This along chart fact and with the recent announcements I treated as a bullish sign and got in at 1.96. There are times this sort of weekly chart movements give a false signal , A dead cat bounce follows. But thats usually partway in the downtrend.

Confirmation this bullish call is firstly, a number of following weeks hi-lo not being entirely below the 10WMA, Secondly also moving to and then above the 40WMA (which is equal to the 200Day moving average) and the support-resistance line I drew at 2.35.

Once these things happen I believe we will be on a very good run upwards

Good luck folks.

cheers Lies

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I'm surprised you don't have your own charting software.

SYR Price at posting: $1.97 Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 22.0¢		Change -0.010(4.35%)		Mkt cap ! $232.8M

Open	High	Low	Value	Volume
23.0¢	23.5¢	21.8¢	$592.6K	2.639M

Buyers (Bids)

No.	Vol.	Price($)
4	40540	22.0¢

Sellers (Offers)

Price($)	Vol.	No.
22.5¢	132427	6

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 28/11/2024 (20 minute delay)

SYR (ASX) Chart