$SMTC - RC -
Added 2023-11-29 12:02:40 +0000 UTCQuite a large drop here from $94 down to $16 over the last 2 years and $SMTC is still stuck in this downward channel, in a further corrective wave.
The blue line at $8.83 is the 2002 low, 21 years ago, as it has lost all other supports to this date.
There has been a bounce on this trend line so we may see this move up to our Wave E at $22 next and bulls will want to see this breakout of the channel next, if successful, the targets are then above as shown at $29 and $36.
A break down of the channel will almost certainly test the blue line again, which must be held.
