Breakout Alert 4: $PHES (Update 2017-07-26)

On July 21, 2017, $PHES broke out from a very strong resistance of 0.41/share with very huge volume. In my system, it is safe to buy above 0.455/share.  

Pros:

• Chart is trending up since February of 2017.
• Gross revenue, net income, and net profit margin, for the first quarter of 2017, grew by 90%, 111%, and 106% respectively (based on its 1Q17 quarterly report).
• There are more above-average green volumes than above-average red volumes—a clear sign of accumulation.

Cons:

• There is a possibility that the coming days will be profit taking since it has gone up too high in just a day.
• Not a big fan of large wicks.

Update (July 26, 2017):

Exit price now at 0.53/share.

CAVEAT EMPTOR