SMN 7.69% 42.0¢ structural monitoring systems plc

Could you enlighten all of us about your trend change? It's been...

  1. 4,199 Posts.
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    Could you enlighten all of us about your trend change? It's been in a downtrend since 2017, but that's changed according to your analysis. Why? Don't lower highs confirm a downtrend?

    On a monthly/ weekly basis, we see key developments. Buyers are entering the market below 37, and a recent Daily double-bottom pattern is worth noting. This pattern, formed on 29/02/2024 and 29/04/2024, has piqued interest. What could this mean?

    The monthly chart has a low close doji. Overall sentiment over the time period could mean a test lower.

    Price is trading below all moving averages, 200sma, 50 sma and 20ema, trading within a downtrend channel.

    https://hotcopper.com.au/data/attachments/6137/6137744-e5893e43515437689eb7eaff79c43a59.jpg


    https://hotcopper.com.au/data/attachments/6137/6137746-a7e91b1d67cc2d86f1e3038445903db3.jpg
    https://hotcopper.com.au/data/attachments/6137/6137748-f207eb19dd7bd12be99436ba4e914ef7.jpg






 
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Last
42.0¢
Change
0.030(7.69%)
Mkt cap ! $57.45M
Open High Low Value Volume
39.0¢ 42.0¢ 39.0¢ $22.26K 55.87K

Buyers (Bids)

No. Vol. Price($)
1 843 39.0¢
 

Sellers (Offers)

Price($) Vol. No.
42.5¢ 25000 1
View Market Depth
Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
Last
39.5¢
  Change
0.030 ( 0.00 %)
Open High Low Volume
39.5¢ 40.0¢ 39.5¢ 6629
Last updated 15.59pm 14/06/2024 ?
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