There should be very strong support at $1.57.
From the $2.40 high the price came down $0.58 to $1.82 in the A wave of the correction.
The B wave rose from $0.33 to $2.15 & now the C wave has so far fallen to $1.64. If it falls to $1.57 the A wave & C waves would be of equal length.
The last significant upward move was $1.35 from $1.05 to $2.40.
A Fibonacci correction of 61.8% of $1.35 deducted from the $2.40 high also gives us the support at $1.57.
Any chartist worth his salt should be able to come up with the above.
It is not rocket science.
Support Level
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SMN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
56.0¢ |
Change
-0.005(0.88%) |
Mkt cap ! $76.92M | |||
| Open | High | Low | Value | Volume |
| 56.5¢ | 57.5¢ | 55.0¢ | $16.62K | 29.76K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 55.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.5¢ | 4916 | 1 |
View Market Depth
| Last trade - 15.48pm 24/07/2024 (20 minute delay) ? |
| SMN (ASX) Chart |