SMPH fresh from breakout may try hitting 38.2% Fibonacci Retracement level

Yesterday SMPH was knocking on the 61.8% Fibonacci Retracement level and today it finally broke it with a good rally. It even close above the 50% Fibonacci Retracement level (newly found support). The Marubozu candlestick could be a signal of rally continuation for SMPH and may reach the resistance at near 19.

Caveat!

One Response to SMPH fresh from breakout may try hitting 38.2% Fibonacci Retracement level

  1. […] could be a signal of rally continuation for SMPH and may reach the resistance at near 19. Caveat! SMPH fresh from breakout may try hitting 38.2% Fibonacci Retracement level Reply With […]

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