PHOT reacting down on a
PHOT reacting down on a negative blog post. Not mine. This is not a buying opportunity, a term that should be reserved for those instances that require stepping up bravely to fade substantial weakness. That doesn”t describe today”s dip, which may be relatively sizable, but not even under yesterday”s low. In fact, just closing negative but remaining within yesterday”s bar would suggest a deeper pullback about to begin.
