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Microcap & Penny Stocks : The Microcap Basement

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To: Mark Buczynski who wrote (817)	3/16/2006 8:10:26 AM
From: lexi2004	Read Replies (1) of 4886

PVCT...Wow, does look good. Huge volume yesterday and almost hit the high in Feb '05 of 1.25. According to my chart it hit 1.245. I would think it would do one of two things: 1. It would pull back for if you look 2/25/05 it almost hit that 1.25 high and pulled back, course you can see didn't have the volume behind it that this move up has. This one has much more conviction. 2. If it passes the 1.25 on volume, I would look for it to go to the 1.27 - 1.618 fib level. Those are (.45-1.25): 1.27 = 1.467 1.618 = 1.74 Daily MACD has crossed and Stochastic is around 60 so it doesn't even enter the overbought area until 80+. Consequently, it has more room to go, just don't know if it will pull back first or continue now; but, chart looks good to me. Lexi

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