Structural Monitoring Systems (SMN)

Structural Monitoring Systems: The current Fibonacci Retraction levels are:
(23.61%) $1.21
(38.2%) $1.23
(50%) $1.25
(61.8%) $1.27

The current support levels are:
(78.6%) $1.3
(100%) $1.33
(138.2%) $1.39
(161.8%) $1.43
(261.8%) $1.59
(423.61%) $1.85

A Fibonacci retracement is a term used in technical analysis that refers to areas of support (price stops going lower) or resistance (price stops going higher). Fibonacci retracement levels use horizontal lines to indicate areas of support or resistance at the key Fibonacci levels before the trend continues in the original direction.

Calculation: Fibonacci Retracements:
1) Uptrend: C = B — (B — A) x N%;
2) Downtrend: C = B + (A — B) x N%;
3) Fibonacci Levels:
a) 23.61%;
b) 38.2%;
c) 50%;
d) 61.8%;
e) 78.6%;
f) 100%,

PROFILE: Structural Monitoring Systems (SMN.AX)

Stock Exchange: ASX
Company: Structural Monitoring Systems
Ticker Codes: | SMN.AX | ASX:SMN |

Structural Monitoring Systems Plc, through its subsidiaries, develops and commercializes structural health monitoring technology in Australia. It offers CVM switch for fatigue testing; CVM NDI; and laboratory kits for use in real-time crack detection and monitoring. The company is based in Claremont, Australia.