SMN - Chart, page-3437

Hi Longreach

Not me. I already have more than enough exposure.

We are hoping for the next step announcement in Sep. There is still 11 TD's to go, so I expect some further weakening.

So if we get no news update, you can see on the chart that there is still and unfilled gap at 58-59 which I would not be surprised if it fills. That's nothing dramatic as there is still room in that 38.2-50% FIB retracement zone.

We get into October, still awaiting that news, then that 50% FIB could be threatened.

I had included a second chart reflecting targets if that expected next step arrives. So a Bullish view. We are not at FAA approval for a few more steps, so some form of retrace should happen while waiting for that further step. That's normal chart behaviour.

That's just my opinion, so DYOR.

cheers Lies