Exactly. That is the way I approach trading by combining pros and cons before any trading decision is made. 19 years of trading experience has made me view the markets from a probabilistic perspective using weight of evidence based on a multiple point checklist. Taking into account the degree of short interest is a further iteration in the trading decision process. Previously I assumed that high degrees of published short interest exerted no significant downward pressure on a stock price. HC poster on SYR (@Load) influenced me to check further. Subsequent research indicated that there is indeed a correlation. Hence my trading plan was modified.
I check average 500 charts per evening in a charting software program, so was aware of the SYR breakout price days in advance. I use an average true range price breakout system, but other technical indicators need to be factored in as well. There are other stocks with similar technical setups that could be potentially bought that are not highly shorted.
This explains the SYR buy signal trigger vs. caution apparently contradictory post.
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Last
19.0¢ |
Change
-0.075(28.3%) |
Mkt cap ! $300.7M |
Open | High | Low | Value | Volume |
20.0¢ | 21.0¢ | 18.0¢ | $7.507M | 38.81M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 651337 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 90654 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
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 12/12/2024 (20 minute delay) ? |
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SYR (ASX) Chart |