SMN 0.00% 63.0¢ structural monitoring systems plc

SMN - Chart, page-3435

  1. 3,080 Posts.
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    Hi Folks

    Up early again, so I thought I would provide an update on the above chart posted a month ago. Showing the old chart then the updated chart.

    So things going along pretty much as expected while waiting for a late Sep update announcement. Notice as predicted the weekly Hi-lo candle has cut into the 10WMA.

    I included this text in that post.
    "I have included my 1st likely retrace target area top one midway between the 23-38% FIB and the bottom 2nd midway between the 38-50%. Very common."
    We have gone through the 1st target area and into the 2nd target area 38-50%, not that unexpected. Lets see what plays out.

    I have included a third daily chart. In the last few days, I have noticed a lot of BOT activity which with low volumes which can have an affect on the share price.
    On this chart you can see that yesterday that BOT activity closed a previously unfilled gap, which was very predictable.

    So hopefully looking forward to that news surfacing before the end of Sep.

    Just the way I deal with the markets so that I am not surprised by what plays out , as always DYOR

    cheers Lies

    https://hotcopper.com.au/data/attachments/6446/6446821-d6bffc7c3febd0b69ec1a5a8f9584747.jpg

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    https://hotcopper.com.au/data/attachments/6446/6446868-ae45ade01d03b41b6e7b943cc662ed45.jpg
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