About pullbacks in this long term uptrend of PHMDuring the first six months there are two major pullbacks, including the current one we are in, -
1. Between the last week of Feb to the last week of April - from $0.12 (low) to $0.33 (peak) to $0.225 (bottom of pullback. About 50% retrace
2. Today that is what we have:
from $0.225 (low) to $0.52 (peak) to $0.37 (bottom of pullback ?). About 50% retrace again. I believe we already saw a sign of rebound at the close. The sp should dance around the 50DMA and then proceed to rise as the next QR approaches. That is clearly the game the smart money plays.
Congratulate those bought near the bottom today - whether you are short term traders or longs. I added more @ $0.39. Good luck all.