Will SMPH continue to fall?

SMPH seems to have a hard time breaking its resistance at current level and as time goes by, the bears seem to take control over the bulls. Today it drop by 1.8% to 14.20 per share. If the bulls won’t be able to bring the price up then a bigger chance for it to hit the 127.2% Fibonacci Retracement level or near 13.29

All Ichimoku elements are still saying SMPH is in a bearish mood. Are the bulls going to permit that to happen?


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A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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