SMRT - Uprising Prices Today

SMRT is currently rising and the stock price as predicted after the magazine report is on an uptrend. As warned yesterday to the shortist to be alert, the buyers were strong.

http://stockmarketmindgames.blogspot.sg/2016/01/smrt-good-news-into-charts.html

If you are into buying a good stock or looking to long stocks for investment, I have a few up on my sleeve. Tomorrow I will be sharing more on how to spot those.



Ronald K - Market Psychologist - A Stock Market Opportunist

SMRT - Good News Into Charts

Over the weekend, the edge magazine had a feature on SMRT. After reading it, it made logic and sense. On the surface, the company looks like they made some improvements with more transparency with concerted effort to improve it's image with a blog and an advertising campaign. This is what it portrays in the media and news but in fact, this piece of good news had already been factored into the SMRT stock price as shown in the chart above circled at the gap down point. SMRT as of now looks bullish. The buyers were flocking in and there were limited sellers. In the near term, I would look into a good timing for a bullish trade. For those who shorted, be alert of your positions if any. The chart is telling us that the Big Boys had covered their shorts. :)



picture source: taken from edge magazine

Ronald K - Market Psychologist - A Stock Market Opportunist