PCT Ltd (PCTL)

[davidsan]

Technically, likely just a brief pullback:

This may well simply be a temporary "sell on news" (buy on rumor, sell on news) situation that within just a few days, 3rd day often in my experience, it regains the pullback and resumes a climb. In other words, just a temporary reaction in this case to a less than ideal formatted and worded tweet, but the underlying facts and their implications for the oil & gas industry and PCTL as a result will drive it higher soon enough.

The chart even with this pullback actually looks very strong, and one could reasonably conclude from the chart, that the stock is just building up strength to blow past the 200dma and not look back (Resistance becomes support). It already had just closed above the 200dma twice, followed by this consolidative pullback to just below, technically, this may well be poised to run and run soon. A buy/add opportunity!

Long & Strong!