After putting 50,000 shares on the market over the past week or so, I can confirm there is no one lined up to buy in the background. This wasn't a surprise and it should be clear to every holder that you are in this until the end.
Whether that be, Smn going under or finally selll enough products to make money , will be confirmed later.
There is no point doing trends or charts on something that has no liquidity. One everyday investor selling a handful of shares deciding the price moment is not a market and cannot be used for TA.
On a ppsitive, there is also limited sellers so buying in would also be a challenge ,unless you get given them like our board.
Basically there is currently no interest either way in this stock. If you can accept that, then you don't have to worry about the share price.
you still need to study and hold to account the company but thats a different conversation.
Reg
SMN technical analysis chart, page-753
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Last
42.5¢ |
Change
-0.015(3.41%) |
Mkt cap ! $58.14M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 43.5¢ | 41.0¢ | $35.10K | 84.50K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 130 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 6729 | 1 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
42.0¢ |
Change
-0.015 ( 2.33 %) |
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| Open | High | Low | Volume | ||
| 43.0¢ | 43.0¢ | 42.0¢ | 11321 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| SMN (ASX) Chart |