No...
The DOJI is not.
Either you cannot read and interpret DOJI or you're purposefully being misleading.
I love this sector and I love PHOT.
I believe in their management and I believe in the industry.
However, it is quite clear that PHOT has opted to dilute the commons here and I don't blame them. It's an easy resource to tap BUT it does mean that 6 months from now, the stock price will reflect a caustic dilution.
It's all in the name of survival and years from now, I'm confident that PHOT shareholders will be quite content...
But there is no DOJI buy signal and there is no bullish signal in any chart.
The best thing PHOT loyalists can do right now is:
1.) sell and buy back when this stock hits $0.00X because it is going sub penny.
2.) hold, don't sell, let this stock fall into sub penny land and then average down (that's my personal choice, it is what I am doing. I'm not selling because I don't have to free up capital to trade elsewhere while waiting for PHOT to bottom)
One thing is clear, PHOT is not a buy. No chart, and no reason exists which tells me (a 20 year veteran of trading stocks, futures, forex, commodities) to add here. As much as I love PHOT and believe in the industry, nothing exists that says any dollar I throw at PHOT will be profitable. This is a HOLD. This is a hold and wait. This will be a profitable trade but not for a while. If you need to sell to make money elsewhere then do it. If you don't need your PHOT cash then just sit and wait to add when I tell you to, but be forewarned, that buy indicator from me will not be until this stock is sub penny.
Trade well
