Needs more volume to go through ... Although it is a fairly illiquid stock it is still rising on relatively low volume, so traders/buyers will be cautiously waiting to see what pans out.
Interesting to look at the charts ... the daily chart looks ridiculous with he recent vertical rise, but take a look at the weekly chart which gives a better picture for more illiquid stocks .... The weekly chart is much more modest, showing that SMC is only just approaching a breakout, indicating much more to come!
I have averaged up for a few more, but that's it now ... enough for me!
:)
SMC Price at posting:
5.8¢ Sentiment: LT Buy Disclosure: Held
