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
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Last
42.0¢ |
Change
0.010(2.44%) |
Mkt cap ! $57.69M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 42.0¢ | 42.0¢ | $23.16K | 55.15K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 28866 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 25834 | 2 |
View Market Depth
| Last trade - 12.19pm 04/07/2024 (20 minute delay) ? |
| SMN (ASX) Chart |