Hi Folks
Just a quick update on my previous chart post where I made some rough predictions moving forward towards the announcement. My rough predictive red line seems to be holding roughly true.
After todays action breaking below 0.685 to set a low of 0.65 confirms that we are going lower. I have two FIB's on the chart. The big upward FIB looks like retrace to around 50%. The downward green FIB looks like targeting 23 - 38%. So they both seem to have targeted that 0.59-0.63 gap.
I am conscious of the fact that tax selling could happen towards the end of June. If our approval is not through that could have an influence of the SP
I am looking to top up my grand-nieces holdings and that gap looks an ideal place to do so. It may actually fill and possibly run a bit under.
We shall see.
Just the way I deal with the markets so that I am not surprised by what plays out, as always DYOR.
cheers Lies
SMN technical analysis chart, page-607
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Last
40.0¢ |
Change
0.020(5.26%) |
Mkt cap ! $54.72M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 40.0¢ | 38.5¢ | $86.35K | 219.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 60000 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 2559 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SMN (ASX) Chart |