So far the SMN share price has risen $0.38 from the recent low of $1.34 to the recent high of $1.72. The correction has taken the price down to $1.54. At $1.53 the 50% Fibonacci retracement support level would apply & if broken the more powerful 61.8% Fibonacci support should be strong enough to halt any further decline.
The $0.38 upward move indicates that an initial target of $2.33 would be appropriate before advancing further.
I note that there are currently no buyers at $1.53 or $1.485. Interesting to see what transpires.
It is quite likely that SMN will never trade at these prices again so if you feel inclined to buy you will be obtaining a very good price with little downside risk.
- Forums
- ASX - By Stock
- SMN
- Support
Support
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SMN (ASX) to my watchlist
|
|||||
Last
42.0¢ |
Change
0.020(5.00%) |
Mkt cap ! $57.45M |
Open | High | Low | Value | Volume |
40.0¢ | 42.5¢ | 40.0¢ | $34.54K | 84.74K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1800 | 40.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.0¢ | 4637 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1800 | 0.400 |
1 | 15000 | 0.390 |
2 | 30000 | 0.380 |
2 | 5266 | 0.375 |
4 | 75009 | 0.370 |
Price($) | Vol. | No. |
---|---|---|
0.420 | 4637 | 1 |
0.445 | 1391 | 1 |
0.450 | 2000 | 1 |
0.480 | 10000 | 1 |
0.500 | 11854 | 2 |
Last trade - 15.59pm 01/07/2024 (20 minute delay) ? |
Featured News
SMN (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online