GrowLife Inc (PHOT)

[Monkey13]

FULL FIB UPDATE FOR THIS WEEK......

Longs and newbies the Great News is we are still on our A leg with the B no where in reach IMHO. Considering there is a 99% chance that Monday will be a follow through day with or without news, the A will continue to go higher.

IMPORTANT: In order for the B point to be reached we need a 38% retracement from the A for a minimum of 3 day consolidation. For example, if the A is .40 by Tuesday, then Wed.,Thurs., and Fri. the price would need to stay between .32-.399 for the 3 days with the .32 being hit one of the 3 days.

How is that calcaluted?

Well the A is .175, superficial B is .40, with a 38% retracement of .225(is approx. .08 cents) which brings it to .32. If this happens(REMEMBER THIS IS JUST AN EXAMPLE NOT PREDICTION) that bring the C to D to .445-.525 with a 1:1 or 1-1.4. Obviously when passing .40 and .465(HOY) we need to surpass volume in both situations.

IMHO, 2 situations could happen this week...

1) With no news Monday and Tuesday we stay between .31-.36, and get ready for news Wednesday or Thursday(PHOT favorite news day)

or

2) With news Monday or Tuesday(News with Substance) we reach the .40+ and goes into Wednesday and Thursday before the meeting to new highs of the year.

Disclaimer: I am a Math Teacher my friends not a Fortune teller. Yes I do Fibs in my sleep but there is no guarantee. So far Fibs have worked to our advantage and I will continue to FEED OUR FAMILY OF LONGS as time permits.

MONKEY

P.S: I want to thank the few people that have contributed to the Monkey tip can. Something that started as a joke has become a reality. TOO FUNNY. In all humility, I really enjoy helping GOOD PEOPLE make money.