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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Last
41.0¢ |
Change
-0.010(2.38%) |
Mkt cap ! $56.31M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 41.5¢ | 40.5¢ | $5.42K | 13.17K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1493 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 55156 | 1 |
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| Last trade - 12.57pm 03/07/2024 (20 minute delay) ? |
| SMN (ASX) Chart |