Phio Pharmaceuticals · sell signal at week 11

Week 11 of the sell signal on Phio Pharmaceuticals, and the open short position remains up 15.97% since entry. The week just closed rebounded 3.1%, with sell volume at 62% against 92% and 100% in the two prior weeks: selling pressure is easing. The price is now trading between the first support, the 7-day low in the 0.96 area, and the first resistance, in the 1.01 area.