Replies to post #3288 on GrowLife Inc (PHOT)

[trade_stocks_daily]

I will be watching for that indecision and pickiong up anything below .066

[Mygolfballs]

Charts are finen but my bet is u need more shares. ;p

D

[ospreyeye]

PHOT Chart......Symmetrical Triangle forming.....Lower Highs & Higher Lows.......

The symmetrical triangle is formed when the market makes lower highs and higher lows and is commonly associated with directionless markets as the contraction of the market range indicates that neither the bulls nor the bears are in control. If this pattern forms in an uptrend then it is considered a continuation pattern if the market breaks out to the upside and a reversal pattern if the market breaks to the downside. Similarly if the pattern forms in a downtrend it is considered a continuation pattern if the market breaks out to the downside and a reversal pattern if the market breaks to the upside.


So, that's the key for PHOT......either it will breakout or breakdown.......trading very tight w/ 3 days of indecision......that equates to a move is imminent........

As you can see on this chart, MA(10) is Support & the Upper Bollinger Band is resistance.....tomorrow one of two will break.......

there's room to run on the Sto's, but Vol. is declining.....PHOT will need to see increased Vol. in order to head higher.......

PHOT on Judgement Day Radar.........$$$