Buy or Sell Growlife Inc (PHOT)? What Do the Pivots Reveal? – Nelson Research

One of the technical analysis indicators used to glean the overall trend of the market over differing time periods are pivot points.  The pivot point itself is where the average of the high, low and closing prices from the previous day’s trading intersect.  On the following day, trades above the pivot point indicate an ongoing bullish trend, while any trading below the pivot point means a bearish trend.  Pivot point analysis can be used alongside finding support and resistance levels, like trend line analysis.  In pivot point analysis, the first support and resistance levels are found by using the width of the trading space between the pivot point and either the high or low prices of the previous trading day.  Secondary support and resistance levels are found using the full space between the high and low prices of the previous trading day.Pivot points are oft-used indicators for trading futures, commodities, and stocks. They are static, remaining at the same price level throughout the day. Five pivot point levels are generated by using data from the previous day’s trading range.

These are composed of a pivot point and two higher pivot point resistances called R1 and R2 and also two lower pivot point supports called as S1 and S2. Growlife Inc (PHOT)’s Pivot Point is 0.0148. Its 1st Resistance Point is 0.0157 and its 2nd Resistance Point is 0.0169. The 1st Support Point is 0.0136 while its 2nd Support Point is 0.0127.

Growlife Inc (PHOT)’s Raw Stochastic, which shows (on a range of 0%-100%) where the price closed in relation to its price range over the last nine days is 53.85%. Their Stochastic %K, which indicates (on a range of 0%-100%) where the price closed in relation to its price range over the last nine days with a 3-period

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