Monday, September 12, 2005

Down but strong; SMTX

SMTX has been coming down for a few days in a row now. Friday it even opened at 3,00 (which was the low of the day)

Despite the loss SMTX is showing me at this moment, I'm still confident about the stock; It has made it's up movements on very high volume, and the last 3 days where it came down from 3,50+ to 3,00 the volume was low.

SMTX also opened right at the ascending trendline I have for this stock, and came of strong (3,32) to close above at 3,10. I expect SMTX to go further up today and stay above this ascending trendline...


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