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!

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