SMPH rallied last Thursday and closed with +2.2% from the previous day. From our daily chart below, there is a still room for this stock to rise since the RSI is still at 60. This stock found a new support at 15.40 from its closing last Thursday at 15.52. We may experience some 'headwinds' between the Fibonacci levels of 38.2% to 23.6%. That would be an opportunity to buy more shares during dips as we approach the 50% Fibonacci levels. There is a bigger chance that we hit this as our Target Price because if you observe both weekly (see Kijun-sen line) and daily (see 50% fibo) chart below, both of them synchronize in the price 16.86.
Daily Chart:
Weekly Chart
P.S.: Sorry for my bad english hehe :P
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