Wednesday, February 28, 2018 7:41:06 AM
PHIL chart analysis
These are the fibonacci levels that one should be concerned with.
Mr Market shows us the ways of the traders. Natures number come into play more often than not.
Notice how it broke above .06 and then fell back below the 1st fibonacci line. This is normal trading, though a stock that really has momentum should have easily taken out the .0685.
I'm sure news will have an effect on the trading numbers. Acquisitions are supposedly to be announced soon, and PHIL has been paying off debt with cash vs. shares, which is dilutive for us shareholders.
A retest of the .032 would not be surprising. But, as long as it stays within the trading range, PHIL is a pretty safe bet.
Myself, I've traded stocks with in a range like this.
For example, the big this morning is .04 - so a purchase here might be a wise thing, with expectations that news is around the corner.
Once the stock hits .0599, the second fibonacci line, a sale of 50% of holdings might be prudent to get some profits off the table. I've never run across anyone that's gone broke by taking profits.
The CMF is decent, though I have seen higher and more consistency in a chart.
Accumulation has recently fallen off with the share price. Again, normal trading activity - nothing that would make me feel my shares. If it stays within the trading range, I'm going to think more likely the stock is going to move up vs. break the resistance on the lower side of the fibonacci numbers.
Still holding on to my shares, with expectations of new acquisitions and the positive increase in sales. I believe a potential for this stocks is well over $.10
Watch Mr. market, he will show you the way!!
Happy trading and hope you've enjoyed my analysis.
Cheers
PHIL
These are the fibonacci levels that one should be concerned with.
Mr Market shows us the ways of the traders. Natures number come into play more often than not.
Notice how it broke above .06 and then fell back below the 1st fibonacci line. This is normal trading, though a stock that really has momentum should have easily taken out the .0685.
I'm sure news will have an effect on the trading numbers. Acquisitions are supposedly to be announced soon, and PHIL has been paying off debt with cash vs. shares, which is dilutive for us shareholders.
A retest of the .032 would not be surprising. But, as long as it stays within the trading range, PHIL is a pretty safe bet.
Myself, I've traded stocks with in a range like this.
For example, the big this morning is .04 - so a purchase here might be a wise thing, with expectations that news is around the corner.
Once the stock hits .0599, the second fibonacci line, a sale of 50% of holdings might be prudent to get some profits off the table. I've never run across anyone that's gone broke by taking profits.
The CMF is decent, though I have seen higher and more consistency in a chart.
Accumulation has recently fallen off with the share price. Again, normal trading activity - nothing that would make me feel my shares. If it stays within the trading range, I'm going to think more likely the stock is going to move up vs. break the resistance on the lower side of the fibonacci numbers.
Still holding on to my shares, with expectations of new acquisitions and the positive increase in sales. I believe a potential for this stocks is well over $.10
Watch Mr. market, he will show you the way!!
Happy trading and hope you've enjoyed my analysis.
Cheers
PHIL
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