SMN - Chart, page-3602

Hi Longreach

How easily you lump together Boeing and FAA giving approval, This overdue Boeing news is just one step in a series a steps until full FAA approval.
However every month delay in this first step causes further delays down the line.

Not that long ago the proposed timeline to FAA approval was autumn 2025 and now that looks like winter all going well. Wouldn't take that much more delay to turn that into Spring.

6 months on the charts is very significant. Just over 1 month ago some people were buying shares in the 60-70c range. Pretty heavy losses since.

I can't chart the news. I can chart no news. I have an rough approximation of where the SP will be if no news on Boeing next step surfaces until late January or later. Suffice to say that 48c will be long gone. Sure there is a chance of that news before Christmas just like there was a chance during all of November when it was expected in October.

The charts show me that no significant players are taking up a long term position. That's important. Why, because they have learnt to ignore proposed important timelines and base decisions on hard evidence. I doubt very much that this first Boeing step will cause much of a flurry back to the 70's for any lengthy period as it just constitutes a further step along the way, not any hard evidence.

All my heavy losses revolve around me not paying enough attention to the charts. The monthly chart since 2016 are a nightmare with 5 significant bounces basically powered by retail punters that have bellied up. Even the most recent 6th bounce is very suspect.

Absolutely no skin off my back if the news surfaces in the weeks before Christmas and I miss the opportunity to buy my pseudo shares. I already have enough exposure. But that doesn't mean the end of that opportunity as Winter and Spring are still far away.

DYOR

cheers Lies