hi,

too early to call for any shorts at the moment, books always say the trend is your friend...

i was thinking everything rallied so aggressively, index hit resistance as shown in my last post, so what should i look at??

i browsed through some charts and took interest in SMRT...results on 24th april, next friday!!!

whats more, there's no strong correlation between SMRT and STI (less affected even if STI plunges). SMRT itself is considered a snail... u cant really play intra day with such counters...

looking at the chart, i am trying to find a contra opportunity. although the weekly chart looks weak, the daily chart shows a potential double bottom formation. we saw some buying interest in the last week or so, price seems to be able to sustain at current levels of $1.5.

SMRT long @1.51, target 1.64...

do note that i am trying to anticipate the short term support ahead of their results...