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Stock Chart: SMRT!
By Dou  •  July 16, 2012

On Monday, SMRT continue to trend sideways and closed at $1.705 with LOW volume of 0.7 million shares traded.

A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow).  This usually implies a continuation of a bullish trend.

Both RSI & MACD are flat as RSI trend sideways.

Important Resistance of SMRT: $1.715

Immediate Support of SMRT: $1.68

Currently the prices are supported by 20/100 days MA.

Since 29/Jun, prices have been trending between the support of $1.68 and resistance at $1.715.

The support at $1.68 is expected to be strong.

We would not suggest buying now as RSI near to overbought region and any upside will be limited now. Do watch the support at $1.68 tomorrow as investors might sell on the bad news.

Stock Chart: SMRT! is contributed by : ...

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By Dou
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