SMN - Chart, page-1868

Guys, charts are very useful in determining trends. Best indicator is KISS. Never fails.

There are only three trends in charting, Up, Down or Sideways. Amazing stuff.

SMN has been in a sideways channel for well over 12 months, with a small break here and there but never stayed above the channel trend line greater than > 10 trading days.

Entered channel early March 2020 when price drop below 0.60 cents. The key break in long term channel trend is 0.60 cents. Future price will be very bullish when 0.60 cents is behind us, and share price keeps powering away to higher prices.

As many posters have mentioned about SMN pass performance and market let down, has left no interest by Mr Market towards SMN until all the talk has finally been given the FAA approval!

All the talk by SMN directors is falling on deaf ears, until they get that final CVM approval from FAA.

The biggest negative has given the true believers an absolute gift in accumulating more stock at basement level cheap prices. You do not need to be a rocket scientist in understanding basic maths.

SMN Share price in 2015 was around these levels. Revenue was Approx $0.
No AEM, No manufacturing plant, No control of future CVM sensor production. No business model.

SMN Share price in 2021 is 0.395. Revenue in 2020 was $19 million.
In 2021 SMN has a business model in AEM, revenue over $18 million per year, future control of CVM sensor production and sales and in the process of moving into a new facility prob three times greater than the current facility.

The ASX market sees no future value whatsoever! The above evidence tells a very different story. No charts in the world will explain this phenomenon. That’s why all chartist look away from SMN, and onto other stocks such as APT.

Now when the stock market has interest in a company such as IMU, the share price goes on a upward bullish trend as investors fall over themselves buying stock.

Last 7 years of revenue as follows:
2014. $0
2015. $0
2016. $0
2017. $0
2018. $0
2019. $0
2020 $0

Current market cap is at Approx $1.4 billion dollars. Anyone who tells you that the market needs “Revenue” to reach a market cap of $1.4 billion dollars knows sweet fa.

The stock market is about perception of the companies future breakthrough in the shift of economic power.

Research is the key to success. What is the value of SMN future Economic Moat?

Opti