Technical Analysis SMPH

Stock: SMPH
Company: SM Prime Holdings
Support: 37.10 / 35.85
Resistance: 40.50 / 43.00


SMPH displayed a teasing bullish pattern suggesting a trend reversal. The stock also rebounded from 61.8% fibonacci retracement level and retained the RSI 50 level.

  • Bullish engulfing pattern
  • Strong rebound and momentum

Recommendation

Trading buy.

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Technical Input: SMPH | November 24, 2020
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