Technically speaking, SMRT doesn't look good and I am not referring to its trains stalling. OK, bad joke. Lower high and lower low in price are accompanied by a lower high and lower low in the MACD which is in negative territory. The downtrending MFI suggests reduced demand as the 50% line acted as resistance. However, forming a doji provides some encouragement for long holders. The doji represents indecision and is a stalemate between bulls and bears. That the doji formed despite higher volume on a day when price went lower than the low of the previous session suggests that there is some buying support. However, it could also be traders covering their short positions ahead of the weekends. Single stick reversal signals are usually less reliable. For anyone who is interested in going long here, look out for confirmation next Monday. If the signal is not confirmed, a lower low could form. ......