It is amazing how the price action, when analysed, can give you a similar result when applied in different ways.
Firstly, as previously posted, 61 cents is the 50% correction of the move from 30 cents to 92 cents.
Secondly, the current correction now appears to be forming an A,B,C formation. A wave 92c to 68.5c (23.5c), B wave 68.5 cents to 84c (15.5c), C wave potentially 23.5c if equal to A wave would leave us with a low of 60.5c.
This would indicate that the market is targeting a low of around 61 cents.
I have top up buying orders at both 64c & 61c. The former, in case we do not quite reach the 61c target.
SMN technical analysis chart, page-606
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Last
37.5¢ |
Change
-0.005(1.32%) |
Mkt cap ! $51.30M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 39.8¢ | 37.5¢ | $72.33K | 187.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2977 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 7169 | 1 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| SMN (ASX) Chart |