Price is contracting and looks set to pop and run higher

Potential Buy Entry Alert to Watch SMX

Time Frame : Daily/Weekly

Sector : Software and Services/Technology

Key Stats : $33.02 Million Market Cap, VWAP 0.595, ASX Ranking 1242, 4 Week Av Turnover $256,744, Current Turnover (Intraday as at time of alert) $251,671.

Company Overview : Security Matters Limited (SMX) provides a turnkey solution to solve both authentication and track and trace challenges in production and post-production processes while at the same time striving to uphold supply chain integrity and provide quality assurance and brand accountability to producers of goods.

Broker Consensus : Not covered by a major broker

SMX – Security Matters Limited

SMX has seen the volume pick up recently on the back of a positive news release and has spent some time now holding higher levels. We like to see the buyers hold higher levels as the volume eases as this is a sign of consolidation. We are now watching for minor higher lows to hold and for price to kick up towards the 1.00 level and higher. We are watching this one closely.

Stock Code : SMX – Security Matters Limited

Company Website : www.securitymattersltd.com

Current Price : 0.60

Status : On watch for potential higher low