Based on the chart, the price break MA20 with large volume. We can see that, the price still maintain above 0.57 and MA30 which can consider a technical chart. Now waiting the price to break the resistance 0.675. Moreover, the weekly chart shows that SMRT still in oversold region and likely to cross from that region and move higher.
Comment:
Today, the price reached the target price (MYR 0.81) and close higher than the target price which is close at MYR 0.84. From weekly chart, the stock start to moving up from the oversold region and there is a chance that the stock can move higher.
Comment:
Today, the stock move higher and close at 0.88 but the volume is lower than yesterday. Now, let's see how it goes for tomorrow and next week whether it can move towards overbought or reverse back to oversold region.
Trade active:
Today, the stock formed a hammer candle with large volume. Then, the price also maintained above the support line and EMA21. There is chance for the stock to rebound from the retracement. Anyway, lets see how it goes tomorrow.