Trader's Logbook

PHES still within the consolidation area it sets since June. It has been in the 23.6% – 38.2% Fibonacci Retracement level for so long now. The last rally few days ago I think was a good fire exit for those who have been ipit and those who were not able to exit that time should have exited this morning. I think PHES will continue to play on the current range. Unless 0.77 will be broken with a good volume and price action.

Caveat!