PHB broke a major support at 48 sats , that is not looking good in mid-term plans.
This 48 sat area could turn into new resistance and PHB could face harsh rejection from it.
If PHB can’t get pass through it, the tendency is a pullback to retest new Swing Low at 40 sats .
It is a major problem for bulls to get things back in the right direction.
Lots of works to be done and much longer accumulation will be made.
Published at Sun, 12 Jan 2020 19:34:08 +0000