SMPH - SM Prime Holdings

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SMPH Daily Chart, June 30, 2009






Maybe if SMPH can breach thru the 9.0 level, then it can retest the 9.80-10 resistance?  Especially the MACD seems to be reversing its trend going up?



 

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June 11, 2011 Checklist:

Price above 65MA -  NO
MACD above zero (buy zone) - NO
MACD cross for buy -  NO
DMI with ADX rising > 30   - NO
RSI overbought?  NO
RSI divergence?  NO


Comments:

Watch out!  Another stock on the decline.

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June 18, 2011 Checklist:

Price above 65MA -  YES
MACD above zero (buy zone) - NO
MACD cross for buy -  NO
DMI with ADX rising > 30   - YES
RSI overbought?  NO
RSI divergence?  NO


Comments:

A nice rally last 2 trading days.  Price breached past the 65ma, and stayed up.  HOWEVER, there's a strong resistance at the 12.00 - 12.10 php area.  If price can go past it on Tues, then we are almost ready to play.

Just waiting for MACD to cross for BUY and get to the "above the zero" positive zone.

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June 24, 2011 - 11.76

Price above 65MA -  YES
MACD above zero (buy zone) - NO
MACD cross for buy -  YES
DMI with ADX rising > 30   - YES
RSI overbought?  NO
RSI divergence?  NO


Comment:

P12 resistance seems to be "tough."  If bullish trend will continue and the resistance broke, it will be BUY BUY BUY all the way!