I have no idea, as I struggle to read the minds of the Boeing engineers and then the 3 FAA committees it has to pass. The only tool I have is RISK control. If history is anything to go by, I am cautiously optimistic about a strong announcement shortly—a boost post-placement, as underwriters often seek to enhance its value for their clients.
It could just as easily pop to 60/64 and 71.5 using the average swings and drop to 40/43. There is a devil's death cross near with the 50sma at 65.2 and the 200sma at 64.2 . SMN is trading below the 200sma.
SMN technical analysis chart, page-764
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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 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| SMN (ASX) Chart |