When you get volume & we have it now, Elliott Wave Theory becomes far more reliable. It gives you an expected pathway that can be modified along the way. As long as you know where you are in the wave pattern, you can have a good idea of what to expect.
The pattern so far tells me to expect FAA approval after the larger degree second wave correction of this 5 wave, larger degree 1st wave.
If I am correct, which I believe I am, we are in the 4th wave of the 3rd of the 1st wave.
Expect good news at the conclusion of wave 2.
SMN technical analysis chart, page-381
Add SMN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
37.5¢ |
Change
-0.010(2.60%) |
Mkt cap ! $51.30M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.0¢ | 37.0¢ | $17.83K | 47.10K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9999 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
|
|||||
|
Last
37.0¢ |
Change
-0.010 ( 1.33 %) |
||||
| Open | High | Low | Volume | ||
| 39.0¢ | 39.0¢ | 37.0¢ | 5603 | ||
| Last updated 14.39pm 21/05/2024 ? | |||||
| SMN (ASX) Chart |