Between life and death for SMPH?

Few weeks ago we speculated that the support at 14.64 may hold due to previous activity at this level but instead SMPH break that line and drop to as low as 14.40 a couple of times. Could this be the bottom for SMPH or it will be the 14.30?

All elements of Ichimoku system is still showing bearish sentiment but a spike may happen that has a potential to reach 15.44 or 15.54 Although one should take extra care and set a stop loss because if support will not hold, a very deep fall may happen.

Caveat!

The following two tabs change content below.

felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

Leave a Reply

}