Today is not about rational thinking, and SMN trading immaterial to the global shocks caused by Saudi/Russian oil wrangling, and the coronavirus effect. All markets have been affected, and likely to continue whilst the oil supply is being over-supplied on contracting oil demand caused by the virus.
But at some point the markets will realise that the coronavirus effects will peak and fall away, and Saudi/Russian oil supply will see rational negotiation - Saudi require $80/barrel to balance it's country's payments!
We still await FAA/Boeing actions for STC approval, that is a much-awaited requirement for SMN move upwards.
Technical charting, page-111
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Last
71.0¢ |
Change
0.020(2.90%) |
Mkt cap ! $97.52M | |||
| Open | High | Low | Value | Volume |
| 70.0¢ | 71.0¢ | 67.5¢ | $57.08K | 82.73K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1190 | 70.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 71.0¢ | 57336 | 3 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| SMN (ASX) Chart |