SMN 2.21% 69.5¢ structural monitoring systems plc

SMN technical analysis chart, page-490

  1. 14,217 Posts.
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    @Anydaynow

    Stunning chart and price action. Nothing I can add that you wouldn't already know.

    While the SP remains in that beautiful zone between the 8ema (yellow) and the upper bollie then the trade would remain open, the first "take-profits" indicator would be when you see a close below that 8

    https://hotcopper.com.au/data/attachments/5201/5201211-f8e2cdfc51dd2e951d28472324770951.jpg

    When you zoom out a bit on a weekly chart you can see that the SP has reached a level of resistance where trapped supple might want their money back so I would expect that SP growth from here may slow and become challenging.

    https://hotcopper.com.au/data/attachments/5201/5201230-0680319faee9ebcdeea956166d365520.jpg

    Still been an awesome ride so well done to all holders.

    Cheers
 
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