On Thursday, SMRT re-test the support at $1.405 and closed at $1.405 with HIGH volume of 1.82 million shares traded.

Both RSI & MACD are bearish as RSI trend downwards.

Important Resistance of SMRT: $1.44

Immediate Support of SMRT: $1.405

Currently the prices are resisted by 20/50 days MA at $1.44.

Since 2/May/2013, prices have been consolidating between the key support at $1.405 and key resistance at $1.47.

The support at $1.405 is expected to be strong.

SMRT has been under heavy selling pressure for the past 2 trading sessions as bear attempt to break the critical support at $1.405. Do consider selling if this support breached with high volume.

Important News

DBS reported net profit of S$887 million during the April-to-June quarter. Net-interest income rose 4% to S$1.38 billion from S$1.32 billion a year earlier, while other ...