SMM

SMM: UOB Kay Hian has Technical Sell Call with a $4.35 TP. Note that the stock has formed lower-highs and appears to be resisted by its downward sloping trend-line and closed below its mid-Bollinger band. A break below $4.68 suggests further downside. Watch to see whether its RSI trends below 50. Tips placing a stop above resistance at $4.87. It notes its fundamental research has a Hold call with a $4.90 TP.