Trader's Logbook

Low reliability Long White Candlestick piercing through the middle band. Will the bulls continue to take charge tomorrow or its a one day wonder for PHES? Relatively higher volume compared to previous days with BUY signal on MACD. Not sure if these indicators are not enough. PHES is notorious of faking its rally. Let us see tomorrow if it can break the resistance at 38.2% Fibonacci Retracement level or it will just hit its head and cry.

Caveat!