My interpretation of the charts.
Personally ill dip my toes in at 1.45 (medium term support), stop loss something like 1.38. and ill load the truck at $1.05 area.
RSI divergence still hasn't broken its daily downtrend so i don't believe the tables have turned bullish yet.
Considering the market is hesitating, no doubt if indexes go south you will see some insto's wind down their % held and that could be the catalyst to bring SMN down through 161.8 extension retrace and get us to the$1.05 mark.
All on the assumption SMN doesn't release news till July (since that is where LT support sits 1st July)
SMN - Chart, page-52
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 (20min delay)
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Last
37.0¢ |
Change
-0.020(5.13%) |
Mkt cap ! $50.61M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.0¢ | 37.0¢ | $23.15K | 61.72K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4667 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 2535 | 1 |
View Market Depth
| Last trade - 14.57pm 30/04/2024 (20 minute delay) ? |
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Last
37.5¢ |
Change
-0.020 ( 1.35 %) |
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| Open | High | Low | Volume | ||
| 37.0¢ | 38.0¢ | 37.0¢ | 5225 | ||
| Last updated 15.23pm 30/04/2024 ? | |||||
| SMN (ASX) Chart |