Saturday 3 January 2009

SMM


1) SMM broke out and closed above the upper wedge lines;
2) MACD trending upwards;
3) Stochastic also trending upwards.


Previous attempt on 17/12/08 to break the LT lines only managed to close below the 2nd LT line. Friday's closing managed above the 2nd LT line, shows greater strength to break through the LT lines.

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