Remember fellas, my post on Feb 16, I suggested that there should be major technical support around $1.15 which is the Fibonacci 61.8% retracement level from the 2 cents low to the $2.99 high.
It is only technical but 61.8% retracements are usually brilliant points for a market reversal.
It is possible for the market to reverse prior to the number when buy orders pile up not wanting to miss out.
Previously on HotCopper I have made 3 predictions & was able to pick the 24/5/16 low of $1.56 as $1.57, the 4/11/16 low of $1.99 as $2.00 & the 17/10/16 low of $2.20 as $2.20 or $2.21.
With the above track record the nominated support of $1.15 should attract a reasonable amount of attention.
If you are wanting to top up your holdings then I would suggest that the time is nigh.
Support Levels, page-571
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Last
60.5¢ |
Change
0.015(2.54%) |
Mkt cap ! $83.10M | |||
| Open | High | Low | Value | Volume |
| 59.0¢ | 60.5¢ | 59.0¢ | $3.309K | 5.581K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2499 | 59.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 5000 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| SMN (ASX) Chart |