SMRT had managed to bounce off strongly from the low of $1.32 on 18th Jan 2016 and stage a strong rebound to close higher at $1.585 on 5th Feb 2016.
From TA point of view this is rather bullish. From the chart we can notice that it has a very nicely upward trend. This is generally positive.
Also both MACd & RSI are trending upwards with good volume that may be a tell tale sign that the share price may continue to head higher .
Breaking out of $1.61 with good volume that may propel to drive the share price higher towards $1.70 with extension to $1.75.
(trade base on your own decision)
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