The 11 year MONTHLY MEDIAN chart highlights 2 significant points of resistance and support. The recent retrace to $1.56 happened to coincide with an INSIDE fib retracement and 3 wave retracement. I gave more weight to the lml 1 line for my decision to add to my holding.
So, the price action outside the lines lml 1 and lm 2 will be crucial to the short term direction of the SMN share price.
The bisection of the dynamic lines @ $1.26 on 11/07 and 05/10 and the subsequent solid support displayed @ $1.26 in 02/16 and 03/16 is not a mere coincidence.
IF the SMN share price closes below $1.56 then the 'flawed' H&S proposition comes into play @ $1.20......... 50% 0f the recent high.
So, for the dedicated fibonacci disciples, where to from here?
For the gap theorists, does the unwarranted gap up @ 83c need to close?
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Last
37.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.12M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11365 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 10722 | 2 |
View Market Depth
| Last trade - 10.08am 16/06/2025 (20 minute delay) ? |
| SMN (ASX) Chart |
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