Sayona Mining Ltd (SYAXF)

[MasterBlastr]

I am pretty much a swing trader so as stupid as I think it is, I might buy just ahead of a gap in the chart, only because the market gravitates towards open orders, and thats where many of them are. Here is the AU:SYA chart - keep in mind this chart is in Australian dollars, which is about 80 cents on the U.S. Dollar.

https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=AU%3ASYA&insttype=Stock

There is a big gap at about .015-.02 AUD or about .012-.016 USD. That gap to me is just too far away, and it is a breakaway gap, establishing a new trend. Those kind of gaps generally do not fill. I will keep monitoring. I have a position at .031 that I will keep holding, might slowly average down, even starting here. Always scale in your buys, try not to buy all at once. I do think this is a good company with a lot of leverage at this low price. Lithium miners stocks are undergoing a bit of a correction, but I think this may be forming support in the .024-.026 USD area, just a little under where we are now. Hope this helps.