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Smart Technologies Inc. Message Board

  • keybotthequant keybotthequant Jun 7, 2011 11:04 AM Flag

    SMT Chart - Bounce On Tap

    Should receive a positive divergence bounce now, but the island reversal to flip from 7.5 to 9.0 again may be weeks or months away.

    SMT Chart and Comments:

    SMT was one of the IPO's over the last year, they supply a lot of the whiteboard technology. Look at that gap fall, nothing but air between 7.5 and 9.0. Recent action shows oversold conditions, falling wedge, positive divergence, weekly chart is constructive as well, so she should launch in here. Even if the price does move down some more, the MACD histogram has no plans on coming down to negate the positive divergence shown, and RSI and stochastics cannot come down much further, they are already in the basement, so this reinforces the idea of a bounce now, for a quickie trade.

    Watch for an island reversal (where price leap frogs that large gap back to the upside) as the weeks and months play out.

    For SMT chart, google keystone speculator or view at stockcharts public charts list keystone speculator.

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