lowtrade

[lowtrade]

PMCB eval;

Check this chart; http://stockcharts.com/h-sc/ui?s=PMCB&p=D&yr=0&mn=6&dy=0&id=p32461445922

Flag pattern retrace, Gaps above, are filling today. If top resistance is broken, @ .16, you can expect to see another large move, indicated by the ADX above 50 still, in the DMI indicator. The support indicators StochRSI and CMF are in conflict, saying BE OUT, while there is strong buying pressure. This indicates retail accumulation at the present price level. Over all the chart pattern is working on it's third flag pattern, if top resistance breaks. The third flag in a row is normally the final and largest when active.

All and all I'd say STRONG WATCH, new entry on resistance break with 3rd flag pattern target price of .21 or better.

Play at your own risk. This is a TA & Charting evaluation only.