GrowLife Inc (fka PHOT)

[LAmerica]

a hard day to call...

not the last hour I wanted to see. but also not a crushing close either. it touched a new high today, and the volume was strong again.

its done a 1 to 1.2 fib move counting todays high.

tomorrow should tell a lot about the direction it wants to go over the next 5-15 trading days or so after. I do think we have very strong support at .45 & .43 if it decides it wants to consolidate for a while. that is a very healthy area only 50% back of the last run & sets the base up for a new 1 to 1 wh/ would extend .30 up into the low mid .70's.

on the other hand, it could tighten up, hold todays low for a day or so & then run on up to .62-.69 to extend the current fib higher.

in many places the sector is strengthening, so i doubt we get a capitulation of .40, into a much longer consolidation. so far the sector doesnt look like its dead cat bouncing. there is real signs of strength. the rest of the week should really reveal a lot.