Why I bought $PHIO when it dropped to $1.28?
Stock is down from $2.42 spike on Friday.
Traders went in at $1.20 today.
Hit $1.50 resistance.
Then dropped.
So around $1.28.
I'm willing to hold for a day trade as long as my risk is only 10% loss.
Needs to break over $1.50.
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Is your decision to buy and hold now because the price of this stock has been pummeled/reverse split down over the years, but now, its finally holding generally above the 50 SMA on the 1D chart, except for this spike where it fell? So one should expect a spike again soon?