SMN 1.72% 59.0¢ structural monitoring systems plc

Wave count, page-145

  1. 4,283 Posts.
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    Friday is the end of the trading month.  If this monthly close is similar to last months close, look out.  1.20 area is going to be key. That fails $1.00. Today it didn't even look at yesterdays range, Opened @1.34 and closed on the low 1.27. Active low  is the Hammer low at 1.25. RSI heading lower, Macd  12/26 looks strong negative below zero.  On the positive Stoc has crossed but flat and price heading into oversold territory.
    Price trading below 18 ema on all timeframes, slope very negative. Daily upper TL  well intact.

    Perhaps around the 10th oct 2017 may see something. Just a time guess.

    SMN 26 sep 2017.PNG
 
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