SMN 3.09% 50.0¢ structural monitoring systems plc

Wave count completed, page-4

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    This would mean that the target for the larger degree wave 1 would be $1.31 plus $0.99 = $2.30

    Then if you wanted to look further into the future & come up with a target for the entire 5 wave count you could use the same theory that wave 1 of the larger degree was to be 38.2% of the total then $1.31 x 2.618 = $3.43 + the starting point $0.99 the final 5 wave target price would be $4.42.

    If SMN comes up with the much awaited signed contract I believe $4.42 to be rather conservative.

    Looking even further ahead using the same theory we could have this 5 wave move to be wave 1 of the next larger degree, we could then expect a target of $9.97.

    In round figures, a $10.00 target is not an unreasonable assumption.
 
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