Australia's largest stock trading and investment forum Australia's #1 stock forum

SMN

Click for more information

2.82%

69.0¢ structural monitoring systems plc

Ann: SMS executes landmark transaction - purchases 100% of AEM, page-34

First 34 Last

Share
Profile

Follow
Rajenp5

2,391 Posts.

19

10/11/17

11:46

Post #: 28678989
Share

Originally posted by JUSTBOB ↑

Rajenp5,

You asked my thoughts.

The SMN share price was at $1.35 with a high on the day of suspension of $1.37. The trading range when the suspension was lifted was $1.50 to $1.70. This left us with a gap between $1.37 & $1.50. The following day the price topped out at $1.62 & traded back into the gap for a low of $1.475. This was to be expected although the gap has not been completely closed, I suspect the gap not being completely closed shows strength in the market.

If one was to be completely pessimistic, a closing of the gap could occur but that would signal a very strong buying signal. I suspect that the gap will not be closed & it should be all positive from now on.

In theory, these levels will never be seen again. If you have not got full allocation by now, you had better hurry before you get left behind.

I own over 0.2% of the company & will not be selling any until the price is over $5.00 & even then only a very small percentage of my holding. The balance will be held for dividends.

Expand

Thank you very much @JUSTBOB. Was wondering about the gap too. Your reply is much appreciated.

SMN Price at posting: $1.51 Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

PR1

Fourfold skarn increase points the way to viable garnet project, says Pure

Good habits matters when it comes to finances

Earnings wrap Monday Week 34: A2 Milk, Bluescope, Suncorp's climate woes & more

SMI

Gold intercept of 8.6 g/t continues the positive storyline for Santana at NZ's RAS deposit

NOX

Noxopharm aims for autoimmune market with first human trial of SOF-SKN

There are more pages in this discussion • 2 more messages in this thread...

First 34 Last

Add SMN (ASX) to my watchlist

(20min delay)
Last 69.0¢		Change -0.020(2.82%)		Mkt cap ! $96.83M

Open	High	Low	Value	Volume
70.5¢	70.5¢	67.5¢	$22.67K	33.30K

Buyers (Bids)

No.	Vol.	Price($)
1	1470	68.0¢

Sellers (Offers)

Price($)	Vol.	No.
70.5¢	4177	2

View Market Depth

No.	Vol.	Price($)
1	145	0.675
1	20000	0.670
1	15503	0.665
2	44972	0.660
2	15500	0.650

Price($)	Vol.	No.
0.705	4177	2
0.710	57336	3
0.720	10473	1
0.730	13487	1
0.735	57143	1

Last trade - 14.38pm 19/08/2024 (20 minute delay)

SMN (ASX) Chart