Hi Folks
I decided to take a look at the weekly charts ahead of expected news.
While news could surface at the end of this week, I am focusing on next weeks Hi/Lo weekly candle.
As your can see on the weekly chart below there are a number of bullish signals.
* 3 weeks ago the weekly hi/lo candle traded entirely above the 10WMA for the first time since Aug 2023 bearish signal. it was confirmed the next week. Bullish
* 10WMA is crossing above the 40WMA, Bullish
* MACD positive for 8 weeks and RSI(5) very strong. Bullish
With good news I would not be surprised if the SP approaches 90's where some resistance and profit taking could surface.
Boeing is just the first hurdle with the FAA approval still pending in the last quarter of the year.
Lets get over that 1st hurdle.
DYOR
cheers Lies
SMN - Chart, page-3389
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Last
59.5¢ |
Change
-0.010(1.65%) |
Mkt cap ! $81.72M | |||
| Open | High | Low | Value | Volume |
| 60.5¢ | 60.5¢ | 59.5¢ | $30.19K | 50.32K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18000 | 59.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.5¢ | 15000 | 1 |
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| Last trade - 14.31pm 13/09/2024 (20 minute delay) ? |
| SMN (ASX) Chart |