GrowLife Inc (PHOT)

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Fib Update:

Via Monkey

Since I can't post until midnight and I am back to teaching tomorrow, here is a Full FIB update for tomorrow,

It looks like the A was established yesterday at .175. Today was a GREAT follow through day leading into tomorrow. We will move up to the B point there is no telling where it will stop before retracing at least 25%. Although there are a few things the are not necessary but will make it STRONGER;

1. When we pass .25(a lot of resistance built up in this area) I would like to see more than 100 million in volume.

2. Once we get to .30 we need to get pass 65 million in volume.

3. Last the ultimate test is once we get to the high of the year .465 we need 185 million in volume.

NOTE: The last one is the most important to achieve to get to new highs healthy.

IMHO, I see the B point around .31-.35 before it retraces minimum 25% to the C, before it shoots to the D point. Remember a healthier retracement is 38%, but no more than 50%.

Monkey