SYR 0.43% $1.17 syrah resources limited

Head and Shoulders

  1. 124 Posts.
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    So clearly the head and shoulders pattern has played out but now what? Will the share price start to reverse from around the $1.50 / $1.70 mark where the pattern started from, or will it keep sliding.

    I find it hard to believe the SP could go much lower down near $1 purely because of how cheap the MC will become for where this company is currently at, but mining stocks have been getting sh*t on this year and there are an insane amount of short contracts on SYR.

    Can anyone who has seen these patterns play out fully before or in similar circumstances as this shed some light?

    Not currently holding but have held in the past and would like to build a position around these levels, as the future of this company will clearly be massive. One of the best battery metal mining stocks on the market imo, especially at these prices.

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