SMN - Chart, page-3282

Hi folks
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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