PHDC showed strong liquidity and managed to break several resist

Mar 6

PHDC showed strong liquidity 💰📈 and managed to break several key resistance levels recently.

After reaching the target of the previous triangle breakout 📐🎯, the stock entered a short-term downtrend. However, it rebounded before touching the 200 MA and the main support level, which is a constructive sign 🔄.

The price is now holding above an important Fibonacci level that aligns with both the previous uptrend and the recent correction move 📊.

Based on the current structure, I expect the stock to build momentum and potentially continue the uptrend if buying pressure remains strong 🚀📈.

If you like my analysis, please follow and boost. 🚀📊

Mar 11

Trade active

As long as the strong support at 8.67 holds, the stock remains technically positive 📊.

However, declining volume is not a good sign and may indicate weak momentum 🔉.

🔎 Key levels to watch:
• Breaking the triangle pattern 📐 would be the first positive signal.
• Then a break above the Fib 31.9% level at 9.
• The most important resistance is at 9.25, which needs to be cleared to confirm stronger momentum.

⚠️ Due to the current market volatility, I don’t recommend entering at this stage.

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