PSE Ticker

Wednesday, January 22, 2014

SMPH may go to 127.2% Fibonacci Retracement level

SMPH fell today to 14.1 (-0.7%) from the previous close of 14.2. It continues to fall after breaking our support at 14.62. Does it mean we'll see this stock in the 13.29 which is the 127.2% of our Fibonacci Retracement level? 

RSI is at 34 which is very near the Oversold level. Volume is down by 902,300 from yesterday and all Ichimoku indicators are bearish.


It's OK to accumulate this stock if you're long term since it is very cheap now. Make sure to buy or average down during our support level because once the trend will reverse, the reward is BIG.

Good luck! 



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