Hi there Steezy101...... keep in mind the closing price is the one that matters.
The 73c. CR price was a 'mates rate' issue...............in (imminent) expectation of THAT FAA approval.
We now have THAT FAA approval.....so an equitable CR price (imo) would be 98c.
The charts above and below are (in isolation) the up trend LINEAR REGRESSION CHANNELS within the highlighted parameters.......and have no correlation with EW theory or Fibonacci levels. (a debate for another time).
No matter what the CR price......expect a rise to test LOWER TREND LINE resistance in quick fashion ......around @$1.31c.
The recent test of TREND LINE RESISTANCE @ $1.31c......and the back test of HORIZONTAL SUPPORT 98c. are NOT random events.
Cheers.
Ann: Change of Director's Interest Notice, page-65
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Last
66.0¢ |
Change
0.030(4.76%) |
Mkt cap ! $90.65M | |||
| Open | High | Low | Value | Volume |
| 65.0¢ | 75.0¢ | 65.0¢ | $173.5K | 255.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16972 | 66.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 73.0¢ | 7500 | 1 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| SMN (ASX) Chart |