Chart Alert – Syrah Resources (SYR)

SYR Wk Mar 17

 

This is a weekly chart of Syrah Resources for the past 5 years.

It is of technical interest, the share-price having lifted 5% in trade this morning to $2.68, bouncing off a long-term support level at $2.50, and in doing so having formed what appears to be a double bottom.

The writer does not currently own shares in SYR. Readers should not rely on technical features alone, and should always consult their stock-broker for investment advice specific to their needs.



Categories: Chart Analyses, Uncategorized

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