Trader's Logbook

After testing the support and our jet almost crashed, it seems we are not in a clearer sky at a new altitude. SMPH reached an all time high of 18.16 intraday and settled just few notches below. With its aggressive plan of expansion here and in China this should add more value to its fundamentals and this will fuel our jet to soar new highs. Is 21 just around the corner? Although price is already away from 17, I think 17 will still be its support until it can build a new one above it.

Caveat!