Morning Trend | Phreesia has fallen sharply consecutively, is short-term bottom-fishing capital ready to take action?

Phreesia (PHR.US) has recently experienced multiple large declines, and is extremely oversold in the short term, with many bottom-fishing funds in the community starting to become active. Such oversold stocks are prone to emotional rebounds; is the short-term bottom-fishing opportunity right in front of us? First, let's look at the market. PHR has fallen more than expected over the past two weeks, showing a typical high beta stock's supplementary decline. During intraday trading, it directly pierced through a densely packed chip area from years past, with extreme bearish sentiment being released. Yesterday, a large order suddenly appeared at the lowest point of the day, and there was a significant increase in volume at the close, suggesting that funds may have already been lurking at the bottom. The community is generally bullish! Most veteran investors on PTT are preparing to "take a gamble," just waiting to see if the main force dares to take the initiative. The core of short-term bottom-fishing is actually to find reversal signals. Currently, the market shows a significant increase in volume and a rapid rise in turnover rate, indicating that the main force's accumulation actions are beginning to appear. What about the risks? They still exist. PHR's rebounds from overselling are generally extremely rapid, but false breakouts can also easily occur. In the short term, pay attention to the $36 level; as long as it stays above this, it is expected to welcome 2-3 bullish candles in a rebound trend, and the FOMO effect will amplify. However, if it falls below $34, caution is needed for another bottom test. It is recommended to enter and exit quickly when trading oversold rebounds, with targets set at moving averages or resistance zones. Once there is active buying from the main force during intraday trading, follow along but do not blindly chase. Long-term, still pay attention to whether the company's fundamental data shows any significant deterioration. Conclusion: PHR is extremely oversold and nearing its limit; a rebound window can be expected as volume expands. Short-term traders can focus on the next unusual movements from the main force