SMN 2.22% 92.0¢ structural monitoring systems plc

SMN - Chart, page-15

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    Structural Monitoring Systems PLC forms bullish "Symmetrical Continuation Triangle" chart pattern
    Mar 21, 2016

    Recognia has detected a "Symmetrical Continuation Triangle (Bullish)" chart pattern formed on Structural Monitoring Systems PLC (SMN:ASX). This bullish signal indicates that the stock price may rise from the close of 1.63 to the range of 2.40 - 2.60. The pattern formed over 59 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

    Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. A Symmetrical Continuation Triangle (Bullish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks out above the upper trendline with a noticeable increase in volume, confirming the pattern as a continuation of the prior uptrend

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Mkt cap ! $105.5M
Open High Low Value Volume
91.5¢ 92.0¢ 91.5¢ $3.201K 3.483K

Buyers (Bids)

No. Vol. Price($)
1 585 92.0¢

Sellers (Offers)

Price($) Vol. No.
94.5¢ 260 1
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Last update - 16.10pm 22/02/2019 (20 minute delay) ?
0.020 ( 1.10 %)
Open High   Low Volume
92.0¢ 92.0¢   92.0¢ 450
Last updated 11.51am 22/02/2019 (live) ?
SMN (ASX) Chart
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