Stock Market: Despite the huge 344 point (2.99%) drop in the US market last night, there are still a chosen few that went up today and that is the SMCB stocks. Technical analysis -wise, looking at SMCB‘s 20 year chart in the first picture, it can be seen that it’s consolidating around it’s major support at present. Also, a rectangle can be spotted right away as indicated by the 2 red horizontal lines. The price is consolidating around the resistance (topmost red horizontal line) of the rectangle as of the moment and is possibly trying to breakout from the chart pattern. An ideal entry for this is when the price pierces thru its resistance line. And if it does, the immediate target price would be 57.5 if everything goes well. Click image to enlarge!