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50.0¢ structural monitoring systems plc

Well one (1) day you will get the result predicted. Can you tell...

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Bushblock

165 Posts.

20

02/10/18

18:23

Post #: 35967541
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Originally posted by JUSTBOB ↑

Two calculations reveal the same support level.

1. It would appear that SMN price chart has completed a 5 wave move from $0.86 to $1.33. This should now be seen as wave 1 of a higher degree. We should expect wave 2 to be 61.8% of wave 1 ($0.47 x 0.618) = $0.29.
$1.33-$0.29 = $1.04.

2. Wave A of 2 ($1.33-1.18) = $0.15. Wave B ($1.18 - $1.28) $0.10. If wave C is, as expected, 1.618 x wave A ($0.15) = $0.24. Then wave B - wave C ($1.28 - $0.24 = $1.04.

Both calculations indicate that if the price approaches $1.04 then there should be some serious resistance from a technical point of view.

It is after wave 2 has been completed that the usually powerful wave 3 is expected. When you have a 61.8% correction in wave 2, wave 3 should be a minimum of 1.618 times wave 1. This would give us a minimum target for wave 3 of $1.80 based on a $1.04 low. The 3rd wave should be at least $0.76 at the very minimum.

If approval is granted shortly, it will fall in line with what is expected on the chart & the price will explode.

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Well one (1) day you will get the result predicted. Can you tell us within so a week 7 days when that will be? Gee we could all become rich.
Starting to have my doubts!

SMN Price at posting: $1.09 Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 50.0¢		Change -0.005(0.99%)		Mkt cap ! $68.67M

Open	High	Low	Value	Volume
48.5¢	50.0¢	48.5¢	$7.837K	16.02K

Buyers (Bids)

No.	Vol.	Price($)
2	4134	48.5¢

Sellers (Offers)

Price($)	Vol.	No.
49.5¢	10000	1

View Market Depth

No.	Vol.	Price($)
2	4134	0.485
1	1157	0.475
2	33000	0.470
1	17391	0.460
2	10000	0.415

Price($)	Vol.	No.
0.495	10000	1
0.505	9591	1
0.525	6375	2
0.530	24999	2
0.600	10000	2

Last trade - 14.51pm 10/07/2024 (20 minute delay)

SMN (ASX) Chart

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