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Technology Stocks : PCTH Anyone think this can take off in 1998?!!
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To: Raymond Hill who wrote (194)8/24/1997 3:11:00 PM
From: Raymond Hill   of 1509
 
The following is a Technical Analysis of PCTH that I requested today from Doug R. at subject: The 56 point TA; Charts with an Attitude:

"PCTH has an optimum 89 day MA/MLR crossover on 7/17. The SMI is strong. The long-term SMI went very bullish on 8/5, a second and confirming buy signal. Bollinger Bands are supportive. Accumulation/distribution now has a short term breakout as of 8/22. Moneyflow is supportive, especially in the short term. PVI/NVI is pretty good. The CCI is coming upto resistance that if broken, would be very bullish. The MACD is ready to rock and roll. RSI is very nice. An intermediate to long-term breakout will be attempted within a month. Long-term stochastics are bullish with some resistance ahead that if broken would mean that the stock is going to double. For the very short-term in the RSI, stoch, SMI and CCI are not currently in a position that would allow for a breakout above 4 3/8. There's a whole tightly packed series of horizontal resistance in this area at 4 1/8, 4 1/4 and 4 3/8. I expect that the stock will have to take them all out at once and it probably will too. A close at 4 1/8 tomorrow followed by a small pullback still above 4 would be the best scenario for crashing through all that resistance sooner. The day to buy will have VERY heavy volume and the move will be obvious as it takes a run at the guantlet. It will likely be on a news day and that news is probably being worked on right now. Keep an eye on it." Doug R.
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