SMN - Chart, page-158

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Rajenp5

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12/09/16

10:40

Post #: 19090134
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Originally posted by Lies&damnlies ↑

Rajen is right Trish

The ASX will be almost all red on Monday (especially early I think it will be a route) because the S&P500 fell 2.5%. I'm 85% sure that SMN will fall as well.

* In my 38% Fib retrace scenario (a 2 day fall) I suggested that Mondays US market could fall down another 1.5% fall down to the (2115-2119 S&P500 range) That would cause another red day across the ASX markets on Tuesday. More than likely another fall in SMN stocks may the first half good opportunity to buy. On second thoughts this may only represent an opportunity to only risk a 3rd of your buying stake late in the days trading. (pure guess of entry price range potential 2.48-2.68)

* In my 50% Fib retrace scenario (a 5-6 day fall) means that I think that the S&P500 could fall to 2090-2095 by US date 16 Sept therefore meaning another SMN buying opportunity on the ASX Monday the 19th of Sept. Again on second thoughts this is where your could risk buying another 3rd of your buying stake. (pure guess of entry price range potential 2.35-2.55)

* There is a third potential buying opportunity that I didn't offer in my last post (but it was early in the morning). I'm not to confident that we will get to this level as when the US elections are pending FED and PPT try to stop the markets from falling to a bad level. However this is a potential 61.8% Fib retrace (13-15 day) on the S&P500 could happen at around 2058-2062. Maybe risking of the final third
of the stake. (pure guess of entry price range potential 2.25-2.45)

cheers

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Your predictions on the ball so far

SMN Price at posting: $2.67 Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last 61.0¢		Change 0.005(0.83%)		Mkt cap ! $83.78M

Open	High	Low	Value	Volume
61.0¢	61.0¢	61.0¢	$610	1K

Buyers (Bids)

No.	Vol.	Price($)
2	15847	59.0¢

Sellers (Offers)

Price($)	Vol.	No.
61.0¢	4999	1

View Market Depth

No.	Vol.	Price($)
2	15847	0.590
1	1000	0.585
3	25334	0.580
1	4347	0.575
2	15085	0.560

Price($)	Vol.	No.
0.610	4999	1
0.625	658	1
0.630	4916	1
0.670	50	1
0.690	6000	1

Last trade - 10.08am 21/10/2024 (20 minute delay)

SMN (ASX) Chart

SMN - Chart, page-158

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SMN - Chart, page-158

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