Thursday, December 27, 2007

SM - white candle


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SM = 365 (1.40%)

SM formed another white candle with higher high and higher low. Volume increased significantly.

SM moved above possible resistance at 362.5, might test possible resistance at 367.5-372.5, previous gap down.

SM recently touched the Parabolic SAR to confirm possible rally or uptrend. Fast line crossed above the slow line of the MACD, although still below the zero line.

Good luck to all SM traders!
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