Actually, low volume is a good sign right now. This stock has actually been behaving like a normal stock lately. Increasing volume on a run-up, the run-up then peaks, then volume lightens during a (modest, so far) retracement. That's normal and healthy. Until recently, PHOT has been a very weird stock, even by Pinkieland standards.
As long as volume is low, you know diluted shares aren't being dumped. If the dilution takes a pause, this still has enough moxy left to move up if left to its own devices.
So if this takes a breather and manages to stay above .016 as volume dries up, I would take it as a positive sign. A little consolidation now is what it needs if it is to eventually break .02.
However, if more dilution occurs, then this thing is toast.
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