SMPH Possible Trend ReversalAfter 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.
