The triangular formation of the current corrective movement is about 9 cents from the top line to the bottom line & is closing at the rate of about 0.66c per day. This means that the lines will meet in 14 days.
Based on today's trading range of 4.5 cents, the market will break out of the triangle within 7 trading days.
This may be too early for FAA approval which means that either a break down towards 61 cents or a positive update from Ross Love that will see a move to the upside.
SMN technical analysis chart, page-605
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Last
37.5¢ |
Change
-0.005(1.32%) |
Mkt cap ! $51.30M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 39.8¢ | 37.5¢ | $72.33K | 187.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2977 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 7169 | 1 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| SMN (ASX) Chart |