Hi FolksI am a long term holder of SMN.
I am one who interprets the charts. Not looking good currently. Which is a little surprising but this stock flies under the radar.
From a charting perspective there are three first signal signs I am looking for. It will need a favourable announcement to do this STP approval will drive this , when it happens.
See chart below
Firstly. The weekly hi-lo candles to trade entirely above the 10WMA, for 34 weeks we have not traded entirely above the 10WMA. Its a long time for a company that is showing profit, albeit small profit. That the first signal currently the 10WMA is at 0.405.
Next that the 10WMA turn upwards.
Secondly that the 10WMA (50day MA) crosses above the 40WMA( 200 day MA).
After that things should start the develop with the future of the SP.
In my rough opinion this should start to happen inside 3 months
Just the way I deal with the markets so that I am not surprised by what happens, as always DYOR.
Good Luck folks
Cheer Lies
SMN - Chart, page-1864
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Last
48.0¢ |
Change
0.010(2.13%) |
Mkt cap ! $65.93M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 48.0¢ | 46.5¢ | $6.373K | 13.48K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17391 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 4648 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SMN (ASX) Chart |