With this stock i'm looking to go long just due it's 52 week low and it has formed a bear hammer at the bottom, this might be the bottom for this stock. With the EMA, the 13 and 50 ema and MACD are all in a downtrend on the daily chart. Same goes with the weekly as well, however we might see a bounce off to the 13 EMA as a rally.
The market should be opening higher today just due to oversee market, this is why i'm buying SYR. SYR has formed a bullish doji on it's support and it has hit it's 52 week low as well. This is the trade i'm looking out for today.
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 !
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.
Aussie Market did 145 Buys out of 2035 Aussie stocks.
Let's see some history relative timing (RT) values by VectorVest:
16-Apr = 1.09
13-Apr = 0.70
12-Apr = 0.53
11-Apr = 0.35
10-Apr = 0.27
SYA.AX has a current Value of $0.01 per share, which is overvalued compared to its Price of $0.07 per share. Value is computed from forecasted earnings per share,...