Hi Folks
I see some good signs in today chart with todays upward movement.
We have pieced the down trend line. Looking at the FIB's on the chart we had a DCB of just over the 23.6% the trended down again to below the 23.6% extention ( which looks like the bottom of this bear run) and have started the upward reversal.
On my second chart , weekly. You can see the 10WMA is still rising. In the coming weeks I expect to see the weekly hi-lo candle to trade entirely above the 10WMA, in my opinion a bullish signal.
We shall see?
Just the way I read the market so that I am not surprised by what plays out, as always DYOR.
cheers Lies
SMN technical analysis chart, page-7
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Last
74.0¢ |
Change
0.005(0.68%) |
Mkt cap ! $101.6M | |||
| Open | High | Low | Value | Volume |
| 72.5¢ | 74.0¢ | 71.0¢ | $50.96K | 70.67K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1388 | 72.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 74.0¢ | 11924 | 2 |
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| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| SMN (ASX) Chart |