Will SM retrace at 61.8% Fibonacci Retracement level?

After the 3-day ascend, is SM going to retrace this time? Candlestick registered today is a Doji which means that after the 3-day ascend, the buyers and the sellers are in equilibrium. Since the Doji is found after the ascend, this may mean that the bears are starting to counter the bulls. For those who are still holding SM should monitor this stock intently and act accordingly. In case the Doji will not be confirmed tomorrow via long red candlestick or gap down, next resistance will be around 787 or 50% Fibonacci Retracement level. Currently we are knocking at 61.8% Fibonacci Retracement level.


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