Sergio - I would be happy to look at PCTH.
3 LT indicators: OBV is below 90 dma. Long MACD is below zero and below signal, although it IS pointing up for now., and long stochastic
is just over twenty, flattened out, but may cross ma soon, as ma is
dropping. There are no LT positive signals yet.
Trendlines: Primary trendline is still us, from 12/23/96 to 5/19/97,
but accelerations from that line have been broken. A short term
downtrend is defined by the 10/14/97 high and the 12/1/97 high. A
second accelerated downtrend is defined at 12/1 and 1/8/98. A third
decelleration is defined by highs at 1/8/98 and 1/28/98. All in the
context of a primary uptrend being intact. If these lines were drawn
to meet in the future, it would form a symmetrical triangle with the
apex about 50 days away. So something major will happen within 50
days. The primary trendline provides support at about 4 right now and
will support at about 4 1/8 if the last three down days' line
continues. If that support is broken it could be very bad.
If it bounces from there, there should be a strong intermediate
uptrend after that. I would buy, based on this so far, AFTER that bounce has taken place, or after the next higher low, whichever
happens first.
Short indicators: OBV down, MoneyFlow down, RSI down. MACD is above
signal, but is flat, and could go either way. Stochastics is above
signal and is pointing up. There is "light upward pressure" right
now. I would not trust it yet though. These are mixed indicators,
and a higher low is what you want here. So wait.
Bollinger Bands have narrowed some, then opened without a significant
rise. The chart is having trouble penetrating the 20 dma, as it is
now resistance.
I would wait on this stock. Hope this analysis is of some value to you.
Regards,
-Al |
