The SMN price has endured 2 major down trends and 1 major up trend since the get go (08/2004).
Above (in isolation) is the initial down trend channel to the 23/11/08 low of 0.00953c. ..........highlighting the key rmp 42c. support/resistance level with the next significant horizontal resistance test @ 86c..
Below (in isolation) is the up trend channel from that 0.00953c. low to the $2.99c. high on 19/09/16..........highlighting horizontal support/resistance @ 48c. with the next significant horizontal resistance test @ 98c.............that range mid point being 73c.
The SMN share price pretty much 'zoomed' through the 42c......48c..... & 57c. levels relevant to those 3 major trends........and has 'hit the wall' at 73c.........keeping in mind the closing price is the one that matters.
In the absence of news, is there enough momentum to test that 86c. resistance level......or should we expect a back test to 64c...or 57c.???
Cheers.
SMN Price at posting:
69.5¢ Sentiment: Buy Disclosure: Held
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The SMN price has endured 2 major down trends and 1 major up trend since the get go (08/2004).
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