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Sunday, 6 December 2009

SMGR in analysis

Well, as I told you several days ago that one of my picks is SMGR.

Fundamentally, no doubt that this stock will increase especially for long term.

Technically, this stock will increase as the MACD is at the reversal point, yet the last three days trade all only touch the uptrend support line. At the last day, the power of bull arrive at this stock. Well, MACD is reversing upward, as the Stochastic had golden crossed & will continue its rally.

See the chart....



Rating: Buy On Strength, TP: 7550-7600

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