SMPH on potential breakout

SM Prime Holdings, Inc.

SMPH is on a potential breakout from a Cup-and-Handle pattern that formed up for over 10 months. The projected target price of this breakout is around 37/38.

It also recently hit the projected target price from a Downward Price Channel breakout around 31.4~31.5. See previous analysis for potential action when trading this pattern.

*Immediate support areas are around 31.4~31.5 and 31.

See previous analysis for additional information including trading plan:
https://psetrends.blogspot.com/2017/05/smph-price-action-analysis.html


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