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.