PHUN Long Trade Expecting Continuation
Updated
PHUN is in the advertizing business specializing in targeting consumers with smart filterning of
the ads tailored to their websurfing and data history. That said, it competes with Google,
Facebook, Snapchat and all the rest. it is far more volatile than them as a small cap company.
The trade is in capturing the volatility.
On a 120-minute chart, PHU was in a state of dormancy and almost no range in late 2023
but awoke in the current year. The all-the-highs are in the 80 range back in 2022. From the
highs of January to the recent low on March 1st, PHUN dropped more than 70% in 40 days or so.
On the chart, it has broken out of deep undervalued territory and is not situated near the
anchored mean VWAP and is at the POC line of the volume profile. It traded nearly 70
million shares about 20X the running average. I see this as an opportunity for a long
trade at or near the VWAP where institutionally based traders are likely to trade. The
volume and volatility make this obvious. A similar combination of volume and volatility last
occurred about January 16 and propelled the price more than 250% in 4 days. While a similar
move should not be expected, even 50% in 4 days is an excellent return for the risk taken.
I will set a stop loss of 10% for this volatile stock while targeting 18 and 22 from the VWAP
band lines on the chart.
the ads tailored to their websurfing and data history. That said, it competes with Google,
Facebook, Snapchat and all the rest. it is far more volatile than them as a small cap company.
The trade is in capturing the volatility.
On a 120-minute chart, PHU was in a state of dormancy and almost no range in late 2023
but awoke in the current year. The all-the-highs are in the 80 range back in 2022. From the
highs of January to the recent low on March 1st, PHUN dropped more than 70% in 40 days or so.
On the chart, it has broken out of deep undervalued territory and is not situated near the
anchored mean VWAP and is at the POC line of the volume profile. It traded nearly 70
million shares about 20X the running average. I see this as an opportunity for a long
trade at or near the VWAP where institutionally based traders are likely to trade. The
volume and volatility make this obvious. A similar combination of volume and volatility last
occurred about January 16 and propelled the price more than 250% in 4 days. While a similar
move should not be expected, even 50% in 4 days is an excellent return for the risk taken.
I will set a stop loss of 10% for this volatile stock while targeting 18 and 22 from the VWAP
band lines on the chart.
Note
Great action as suggested by the analysis. Stop loss raised to 5% above break-evenand the trade is now risk-free' Upon another good trading session I will take 25% of
the position off and run 75% through the weekend. The jump on a down
general market day may forecast an excellent move when PHUN gets some tech market tailwinds.
Trade active
Price still has bullish momentum. Holding and watching.Note
Price moved down a bit. Holding and watching.
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