Phoenix (PHB)

$PHB before and after - we are still working on this to improve it more 😀 https://t.co/ZBmiHAEYGx

$PHB 📊⚠️🔻
🎯 14.9 cents is the line. Lose it and 13.5 cents becomes the target.

The chart bounced from 12.6 cents all the way to 17.4 cents, a clean 34% move. That rally built the inverse H&S on the 4H, and when the neckline broke around 15 cents, the pattern delivered its full 15% measured move.

Since then, three days of consolidation between 15 and 17 cents.

Now it's a simple level watch:
• Closes below 14.9 cents → structure breaks
• 50 SMA sits in the path as a minor bounce zone
• Pure demand at 13.5 cents is the real target if selling continues

Don't expect a straight drop to 13.5 cents. The 50 SMA will likely offer a small relief bounce before price reaches that demand area.

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