SMRT Holdings Bhd suffered a relatively severe beating during the recent market rout, which witnessed its shares plunging to a five-month low of 53.5 sen on Oct 16 due to extended profit-taking selling pressure.
However, just when they appeared defenceless and in great danger of violating the important 200-day simple moving average line, a bout of fresh bargain hunting interest emerged unexpectedly from the sidelines, thus offering a helping hand to aid the bulls back to life.
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