The high volume day (912,000) on 20/04 was halted at the median line. Subsequent attempts to stay above that line and move higher failed. The narrow trading range of $1.98c.- $2.02c. in the first 2 hours on 13/05 suggested a breakout was imminent.
The high volume day (1,100,000), and long red candle, on 19/05 was an ominous warning of further weakness. The failed test of the lower median line, and closing price, on 20/15 was confirmation.
Expect a test of the trigger line @ $1.56c .level this week.
Keep in mind this is an 8 YEAR trend line that will be tested at this price point.
Again, just my whimsical interpretation.
SMN - Chart, page-33
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 (20min delay)
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Last
40.0¢ |
Change
0.020(5.26%) |
Mkt cap ! $54.72M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 40.0¢ | 38.5¢ | $86.35K | 219.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 60000 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 2559 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SMN (ASX) Chart |