$PHA has fallen below the 7-day low: current price 0.0533, previous low 0.05345.
After the breakdown, watch two things:
· Will the previous low of 0.05345 turn from support into resistance (and cap any rebound)?
· Was there a spike in volume during the breakdown? A break on low volume may be a false breakdown.
Are you bullish or bearish in the short term?
#PHA
After the breakdown, watch two things:
· Will the previous low of 0.05345 turn from support into resistance (and cap any rebound)?
· Was there a spike in volume during the breakdown? A break on low volume may be a false breakdown.
Are you bullish or bearish in the short term?
#PHA