Further to the positive story within the coal industry...SMR's technical indicators...
As can be seen SMR's technical indicators 'momentum' and 'relative strength' are heading in the right direction! The momentum indicator (in orange) is now moving in the up direction which is being supported by a good relative strength index which has plenty of ability to move much higher before the SP is overbought. with SMR it just needs to build that little bit more momentum and the SP will be giving plenty back to investors.
Additionally, it is still a good 5c off of it's recent high so SMR has wiggle room and potential for a 17% gain without it needing to hit a new high.
Fundamentals of SMR are great with a 783% increase in it's cocking coal production and coal spot prices up $7 per tonne from the March quarter.
Good news for overall industry, page-3
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Last
$3.28 |
Change
0.045(1.39%) |
Mkt cap ! $2.947B | |||
| Open | High | Low | Value | Volume |
| $3.28 | $3.30 | $3.26 | $235.7K | 71.78K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 5258 | $3.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.28 | 2386 | 9 |
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| Last trade - 11.09am 08/11/2024 (20 minute delay) ? |
| SMR (ASX) Chart |