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36.5¢ structural monitoring systems plc

Technical charting, page-342

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Jardani

1,390 Posts.

116

02/04/20

13:33

Post #: 43840735
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Originally posted by JUSTBOB: ↑

Patong, you can't help yourself wth your little snipes. Give it a break.

From a chartist's point of view, bear markets usually bottom after a series of sucker bounces that create a sense of optimism only to fall again, often creating a new low. This is what is termed an A,B,C series of waves expected to be made up of 5,3,5 lesser degree waves.

I would suggest that stocks like SMN are likely to be depressed by tax loss selling in the month of June. It could even start in May. Consequently, I believe that accumulation when others are selling should be a great time to buy.

Incidentally, the move up from the 23.5c bottom to 78.0c was precisely Fibonacci 61.8% correction up from the 88.5c move down from $1.12 to $0.235.

That is exactly where an trading exponent of Elliott Wave would have placed his selling order.

Look for the length of moves to be Fibonacci related to other moves. This gives a good indication of what to expect. It requires a little homework.

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snipes give it a break
your kidding sponge bob
your the king of English snipes

yet i notice your maths is the worst ive seen
we never talk about that do we

SMN Price at posting: 45.0¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

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(20min delay)
Last 36.5¢		Change -0.025(6.41%)		Mkt cap ! $49.93M

Open	High	Low	Value	Volume
36.5¢	36.5¢	36.5¢	$5.779K	15.83K

Buyers (Bids)

No.	Vol.	Price($)
1	5981	36.5¢

Sellers (Offers)

Price($)	Vol.	No.
38.0¢	14284	2

View Market Depth

No.	Vol.	Price($)
1	5981	0.365
1	21553	0.360
2	4800	0.350
1	10000	0.345
2	18000	0.335

Price($)	Vol.	No.
0.380	14284	2
0.390	54450	3
0.410	50	1
0.420	1702	1
0.425	7000	1

Last trade - 12.29pm 28/05/2024 (20 minute delay)

SMN (ASX) Chart

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