Hi folks
y
Still travelling so it’s too awkward for me to post charts on this device.
However, I can still take a look.
After the last positive announcement there was an expected surge in the SP. which opened a daily gap. Whilw there has been the evitable pullback, so far I take some joy about the fact that the gap remains infilled and also that the FIB retracement has only been at around the 50% level.
I also noted that the daily volumes are higher than the previous week post announcement and any decline in SP is so far encountering buyers.
I hope it continues, but we are entering the end of FY trading and that can be more than a tad unpredictable.
On the weekly chart the Macd has been noticably positive for the last few weeks for the first time I quite a while.
The 10WMA is flattening and the weekly hi-Lo candles are cutting above the moving average and almost trading entirely above it, If that happen twice I consider it is bullish trend signal. it almost happened last week.
We shall see. DYOR
cheers Lies
SMN - Chart, page-3282
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Last
48.0¢ |
Change
0.060(14.3%) |
Mkt cap ! $65.93M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 48.0¢ | 41.5¢ | $71.34K | 163.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 9999 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| SMN (ASX) Chart |