An opportune time to look at some forward looking (extrapolated), up side price projections?
The up trend lr chart from the 0.00953c. sp low on 23/11/2008 to the $2.98c. sp high on 20/09/2016, generated an UPPER channel range of $2.00c.....and a LOWER channel range of 50c.
From 20/09/2016, key DOWN SIDE TP's/RESISTANCE tests are forward looking (extrapolated), PREDICTIVE in nature...and will be (generally) MULTIPLES of that 50c. range, including range mid points.... of 25c. intervals.
As for the UP SIDE?...consistent closes above that 98c. level will see UP SIDE TP's of $2.00c. multiples , and range mid points of $1.00c. multiples.
The time is nigh...and it's time to fligh (sic).
Cheers.
SMN technical analysis chart, page-773
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57.0¢ |
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 249 | 57.0¢ |
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|---|---|---|
| 58.5¢ | 558 | 1 |
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