SMN 2.02% 48.5¢ structural monitoring systems plc

Double bottom, page-45

  1. 4,362 Posts.
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    Multi time frames. Watching EOD Daily high/lows/close, then using 1hour or 30 min opening range chart for direction, confirmed on 15 min, then entries on 5 min. Watching the DOM and order flow more than anything. The plan was formulated in the last hour of Friday's trading, 1.46 number. which I posted somewhere. I just needed confirmation and that happened yesterday but was a bit dodgy on the close due to low volume. Today's open was slow, managed to get a small position and once the opening range was holding I ending up buying more around 12 o'clock, and a few more a bit later around 3 pm. The market was quite thin till then.

    My trades are nearly always planned out prior the market is opening so all I need to do is execute.By the time my order was filled I was paying 1.56 and still have pending orders lower. Because you know the fundamentals are solid it's a relatively easy trade to do. Simply because if I get caught out holding I know it's just a matter of time. This stock is going to offer near perfect trading opportunities as the trend develops.
 
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(20min delay)
Last
48.5¢
Change
-0.010(2.02%)
Mkt cap ! $71.28M
Open High Low Value Volume
49.5¢ 50.0¢ 48.5¢ $187.2K 378.2K

Buyers (Bids)

No. Vol. Price($)
1 468 48.5¢
 

Sellers (Offers)

Price($) Vol. No.
50.0¢ 63094 4
View Market Depth
Last trade - 16.10pm 19/11/2024 (20 minute delay) ?
SMN (ASX) Chart
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