PCT Ltd (PCTL)

[davidsan]

$.10 is key resistance. No resistance above that!

Your $.059 level is simply a price on the way to the $.098 high, which is so close to the natural $.10 resistance level, that $.10 is the key level.

And since there is zero overhead supply above $.10 for nearly 2 1/2 years, that means there is effectively zero resistance above $.10.

Which means a strong break above $.10 and technically speaking this thing is free to just take off.

Now, the one way your $.059 level may be relevant, or whatever the 52 week high is once that level is reached, given that some traders do pay attention to 52 week highs, once this breaks above the 52 week high, this is likely to run up to $.10 very quickly. And IMHO once this starts moving, it is likely to just blow past the 52 week high and head on up to test the $.10 level.

The bigger question is, will this stall at $.10 for a time, or just blow past it and run freely higher very quickly, $.20, $.30, $.40, who knows. Depends on the news. This is a major growth play in the birthing!

Long & Strong!