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1 year ago

SMX Potential breakout from $3.60

SMX

SMX came up on the 60 day scan  2 weeks ago. since the breakout of the CUP line a technical retest has occurred.
In the daily chart shown this current level of $3.60 has been resistance in the January / February 2015 period.
This 6 month rounding base suggests a low is in.
Again should the price close above $3.60 a retest of this level would be expected.
There is a potential new trend emerging in this stock and cannot be ignored.
Stops $3.54

SMX