PHOT Chart......DOJI formed for today's candle.......right below MA(20)/middle Bollinger Band resistance.....
Doji's formed @ tops = a pullback.......since this doji was formed after PHOT bounced it is considered a top......the fact this top/Doji has formed @ MA(20) is significant......
once PHOT dropped below the Middle Bollinger band the trend changed from Bullish to Bearish....in order for PHOT to start a new uptrend it must CLOSE above MA(20).......
3 days in a row PHOT failed to close above Middle BB resistance......& on the 3rd day a doji formed.....
what does this all mean?.......that PHOT is set up for a pullback......the declining Vol. the last 3 days confirms this.......sellers have tired trying to break MA(20)......
1st support level is MA(50) @ 0.052 on a pullback......MACD had a bearish crossover last week & SAR flipped to a sell signal last week......both these indicators have signaled the downtrend......
if PHOT fails to close above MA(20) tomorrow I'd expect a pullback to MA(50) support......if PHOT breaks MA(20) resistance the next resistance level is MA(10) @ 0.078......
once PHOT clears MA's(10 & 20) a run to Upper BB resistance should follow......PHOT on judgement day radar......do or die tomorrow......$$$
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