I mentioned in a post a few months ago where I didn't believe 1.50 would hold and was seeing 1.20 if it didn't. The 1.60 area was more significant in my eyes. I followed that up with some charts the other day mentioning a daily close could see 1.20. Presently there is support around 1.40 -1.36. plus fib 0618 at 1.362 However the weekly is still very bearish with the most sell volume since may 16. Looking at all this and knowing the potential I feel we are defiantly in a buy zone even though it may go lower. Seldom will you pick the bottom? Two options, wait for the reversal, or begin buying small parcels now and aim to get your best average price at least then if you wake up one day and see trading halt you are covered to some degree.
Support Levels, page-507
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Last
48.5¢ |
Change
-0.003(0.51%) |
Mkt cap ! $71.28M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 51.0¢ | 48.5¢ | $185.3K | 370.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1403 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 8951 | 2 |
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| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| SMN (ASX) Chart |