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Sunday, May 18, 2014

SMRT

SMRT - 25th May 2014 - SMRT is doing super well and continued to trend higher as reflected from TA point of view.On 20th May it had again managed to break-out with high volume and closed well at $1.475 that may provide strength for the prices to head higher.All 3 indicators such as MACD,RSI & Stochastic are still trending upwards which is rather positive. Short term is more likely to breakout $1.51 and head higher towards $1.60.(trade base on your own decision)


SMRT - 18th May 2014 - SMRT had a nice run-up from the low of $1.02 to recent high of $1.33 as of 16th May 2014.Seems a hit-and-run counter. Current prices seems over-extended and immediate resistance is at $1.36. Short term may trade lower/pause towards $1.21 - $1.25 price level.(trade base on your own decision)

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