SMN looks like the bottom might be in - very bot dependant but a lot of buyers will be seeking bargains at this price IMO - that's a bag back to the 52 wk highs!
Weekly chart below shows the lows touching the SMA 90 perfectly, combined with a higher low put in this week (so far). I note the RSI also reached oversold levels last week - on the weekly chart that's quite a big deal. Gone too far is my take.
It is a disappointment that SMN didn't do more to keep the market informed and updated when it was testing the support of the long established uptrend. That's broken now so damage repair will hopefully begin.
Support Levels, page-511
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Last
73.5¢ |
Change
0.075(11.4%) |
Mkt cap ! $103.0M | |||
| Open | High | Low | Value | Volume |
| 70.0¢ | 76.0¢ | 70.0¢ | $62.86K | 84.95K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11052 | 73.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 74.5¢ | 531 | 1 |
View Market Depth
| Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
| SMN (ASX) Chart |