Trader's Logbook

SMPH is in the mercy of the middle band at this point. It looks like the newly found support line is not yet that strong. But let us see if the price will hold above the middle band or else we will have to find support at the 23.6% Fibonacci Retracement level. Recently there where two instances when SMPH move below the middle band but was able to regain control. Will it be the same this time?

Caveat!