Replies to post #35819 on GrowLife Inc (PHOT)

[Jabroni123]

Thanks Monkey and LA for the updates. Hoping for some more healthy consolidation until our next leg up

PHOT

[LAmerica]

re Planet of the Fibs...

monkey one thing to consider, that wasnt mentioned in either your shorter or longer term fib models, is the possibility of only a 38% retracement in the shorter fib model.

your right, the convergence of the models at .118 sets up greater cause and effect. but one wrinkle wh/ may have to be considered is the tightness we're on in re to the jan rollout in col & washington.

normally, the shorter fib patterns w/in a larger fib pattern, retrace 50%. but w/ the mojo coming into this stock, along w/ the tight timeline, it may just be a 38% retracement on lighter volume in the shorter fib model.

either way, the good news is the pullback has been on lighter volume.

If we only do a 38% retracement on the shorter fib model, then the price entry point would be .127, wh/ it hit yesterday & is currently consolidating at.

again, i'm very bullish on .118, but if we dont get that by friday, then .127 may be the retracement entry point, w/in a very tight timeline leading to jan. 1.