You are looking for a logical outcome from a manipulated mess called the asx. There is a lemming mentality where many will only jump onboard at higher prices as soon as buyers arrive. The only problem i can see is that this stock is so tightly held that the substantial manipulators cant get hold of enough stock. I would bet most of the trades we are seeing are stocks passing from left hand to right . Even though the range was slightly greater today and the chart is affected, the Vwap clearly shows the actual strength that exists with todays trading.
SMD Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
