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SMRT – found short term support

SMRT, “breakdown” after “breakdown”… oops, not breakdown, but slight delay, today formed a hammer at classical resistance turned support. The previous resistance was formed on July 2009 which is now calssical support and also at Fibonacci support. Therefore watch to see if there is a technical rebound. Do take note that to long is counter-trend, plus the price is below the 4 moving average.

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