Structural Monitoring Systems PLC forms bullish "Continuation Wedge" chart pattern
Mar 15, 2016
Recognia has detected a "Continuation Wedge (Bullish)" chart pattern formed on Structural Monitoring Systems PLC (SMN:ASX). This bullish signal indicates that the stock price may rise from the close of 1.40 to the range of 1.90 - 2.00. The pattern formed over 25 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: After a temporary interruption, the prior uptrend is set to continue. A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.
![]()
- Forums
- Charts
- SMN - Chart
Structural Monitoring Systems PLC forms bullish "Continuation...
-
- There are more pages in this discussion • 3,425 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SMN (ASX) to my watchlist
|
|||||
Last
70.5¢ |
Change
0.020(2.92%) |
Mkt cap ! $96.83M |
Open | High | Low | Value | Volume |
68.5¢ | 70.5¢ | 68.0¢ | $49.09K | 70.89K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6592 | 70.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
71.0¢ | 36072 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6592 | 0.700 |
1 | 735 | 0.690 |
1 | 5000 | 0.680 |
1 | 1500 | 0.675 |
1 | 10000 | 0.670 |
Price($) | Vol. | No. |
---|---|---|
0.710 | 36072 | 3 |
0.715 | 12121 | 1 |
0.720 | 57143 | 1 |
0.730 | 13487 | 1 |
0.750 | 80000 | 4 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
Featured News
SMN (ASX) Chart |