SMN 4.76% 40.0¢ structural monitoring systems plc

SMN - Chart, page-2536

  1. 4,214 Posts.
    lightbulb Created with Sketch. 652
    I posted this the other day. Was deleted.

    2,546 Posts. 313
    15/09/2112:01 Post #: 56085941

    " I think looking more macro for direction is way to go at present.

    SPY has had four red days in a row. Previously then 50sma has acted as support and bounced from it. The velocity of this move to the 50smn is different. Once the 50 has been hit or broken, I expect a move higher creating a bull trap before moving lower to 436.23 area.Also there is an important FED meeting on 22nd SEP.

    The moral of the story, keep some cash aside.

    https://hotcopper.com.au/data/attachments/3596/3596007-7f2e75f60360da2fd4d66c24a9f3e5d5.jpg




 
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