Investor100 and LA totally share your guys opinions and think a mellow week of consolidation would be great for the stock. As exciting as this can be the RSI is extremely high and it probably needs to cool down before PHOT is ready for the next leg up.. I'm looking to add to my core position and hoping that we will see a nice dip/consolidation over the next few days..
With the gift this thing could go parabolic but i think before Growlife releases info on the gift they should allow the stock to consolidate and create some solid levels of support before going from .10 to .30 in less than 2 weeks like everyone is hoping..
Stocks go up and down!! and although PHOT is usually going up it needs to cool off and see some consolidation before the next leg.
However, these aren't normal times and excitement over this sector is at an all time high with tons of new eyes looking for a good entry point. If the stock does drop it won't be a big move as their are tons of INVESTORS looking to take a long term position while PHOT is still a penny stock before big money gets involved.. These investors don't care much about a couple of cents in the long run and that is why we are seeing such large volume and buying despite the fact PHOT is up 100% in the last few weeks..
The MJ sector is heating up and PHOT is looking like the big winner.. Hopefully it will consolidate and create an even healthier looking chart.. Wouldnt wanna be on the sidelines though seeing as PHOT is Very very bullish
The new investors is a double edged sword. Where as they will increase the pps . They will also flee if the mm's find a way to get this down low enuf. So far they haven't wanted to or haven't been able to really tank this. PHOT'S resilience has been amazing for months.
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