SMN 0.00% 40.5¢ structural monitoring systems plc

SMN chart

  1. 2,993 Posts.
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    Hi Folks


    After todays action I thought I would revisit the SMN chart.

    We seemed to have formed a large two year cup pattern followed by 5 month downward handle. I am reading that todays surge is a signal that the handle has been completed.

    I am looking for the SP to move in steps up to the right lip at 1.05. A few days close above that level should see a surge into the breakout zone to begin the upward journey.

    Here's hoping.

    Just the way I deal with the markets so I am not surprised by what plays out. As always DYOR.

    cheers Lies


    https://hotcopper.com.au/data/attachments/4138/4138134-73b9ab63795e0879545fb2d4023d79b8.jpg
 
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