I have been observing SMN lately and had a couple attempts to buy but then get stopped out. It is frustrating. I am inclined to speculate a spike down to $1.90 level ( worst case $1.75) before the next up move could be a possibility. The latest repeating range doesn't behave as the other two in that once the bottom of the range was reached the next week is a decisive reversal candle as the weekly chart shows. This time the down range extended beyond the previous two as well as it contains 6 down weekly candles where the other two down ranges had respectively 2 and 4 down weekly candles . The downward force/thrust this time is more intense. The last three weekly candles have long upper tails showing supply. After the previous two down ranges the share price meander sideways for 6 to 8 weeks before the start of the next major uptrend. Another view is if price stays above $2 level then perhaps we still have a period of consolidation ahead to go. If no major breaking news of a positive is received before year end then I cant foresee a major trend reversal until early 2017. I would love to be convinced otherwise as I am keen to get back in but not while the share price is showing little strength. GLTA
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SMN - Chart, page-214
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Last
56.0¢ |
Change
-0.005(0.88%) |
Mkt cap ! $77.60M |
Open | High | Low | Value | Volume |
56.5¢ | 57.5¢ | 55.0¢ | $16.62K | 29.76K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9709 | 56.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
59.5¢ | 4916 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9709 | 0.560 |
2 | 3700 | 0.545 |
1 | 33358 | 0.540 |
1 | 18867 | 0.535 |
1 | 30000 | 0.515 |
Price($) | Vol. | No. |
---|---|---|
0.595 | 4916 | 1 |
0.600 | 4144 | 1 |
0.610 | 10000 | 1 |
0.620 | 7000 | 2 |
0.625 | 6000 | 1 |
Last trade - 15.48pm 24/07/2024 (20 minute delay) ? |
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