After months of downtrend, SMPH seems to be somehow recovering from its bearish sentiment. From downtrend to sideways
Confluence
Macro: Shift from downtrend to sideways
Daily chart: higher lows
RSI: higher lows
Short term outlook: Looking like a 1 month short term uptrend.
Other Notes
Possibly looking to make a DB MB BO and hopefully a DB BT BO
Coming from a macro downtrend, sentiment shifting to defensive stocks. Property sector may not be the first mover post bearish sentiment since its not a defensive sector but perhaps the speculated rate cuts may help.
Earnings also released and looking good.
Confluence
Macro: Shift from downtrend to sideways
Daily chart: higher lows
RSI: higher lows
Short term outlook: Looking like a 1 month short term uptrend.
Other Notes
Possibly looking to make a DB MB BO and hopefully a DB BT BO
Coming from a macro downtrend, sentiment shifting to defensive stocks. Property sector may not be the first mover post bearish sentiment since its not a defensive sector but perhaps the speculated rate cuts may help.
Earnings also released and looking good.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.