Thursday, January 28, 2010

SMCB, a down trend breakout is possible?




SMCB has closed below its Short time moving average.
Short time moving average is currently above mid-time, AND above long time moving averages.
The relationship between price and moving averages is: neutral in short-term, and bullish in mid-long term.

SMCB has closed below the lower bollinger band by 3.2%. Although prices have broken the lower band and a down trend breakout is possible, the most likely scenario for SMCB is to continue within current trading range.
Bollinger Bands are 12.4% narrower than normal.




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