My interpretation of the charts.
Personally ill dip my toes in at 1.45 (medium term support), stop loss something like 1.38. and ill load the truck at $1.05 area.
RSI divergence still hasn't broken its daily downtrend so i don't believe the tables have turned bullish yet.
Considering the market is hesitating, no doubt if indexes go south you will see some insto's wind down their % held and that could be the catalyst to bring SMN down through 161.8 extension retrace and get us to the$1.05 mark.
All on the assumption SMN doesn't release news till July (since that is where LT support sits 1st July)
SMN - Chart, page-52
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 (20min delay)
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Last
38.5¢ |
Change
0.005(1.32%) |
Mkt cap ! $52.67M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.5¢ | 37.3¢ | $5.991K | 15.72K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 999 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 27655 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
38.0¢ |
Change
0.005 ( 1.33 %) |
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| Open | High | Low | Volume | ||
| 38.5¢ | 38.5¢ | 38.0¢ | 2625 | ||
| Last updated 14.28pm 10/05/2024 ? | |||||
| SMN (ASX) Chart |