BB's Stock Haven

[Mel7]

PTSC 04/27/2004 Instant Analyst Daily Opinion: BUY
Tuesday's Bullish (up) day with high volume (159% of average) suggests a continuation higher on the next bar.

Short-Term Opinion: OUTPERFORM
On a short-term technical basis, the trend is Bullish (up) and the stock is above its 50-day moving average at 0.11 which also confirms its Bullish (up) trend. The stock is neutral according to the Stochastic indicator (50.75).

Long Term Opinion: OUTPERFORM
On a long-term technical basis, the stock (PTSC) is trading above its 200-day moving average which implies it is in a positive trend. However, the stock has broken through an important trendline at 0.19 suggesting the next level of support is 0.15. The long-term uptrend has now turned neutral.

The stock has support at 0.15 and 0.14. If the stock breaks down through support at 0.15 then it will probably continue lower to 0.14. The stock will meet resistance at 0.17 and 0.19. If the stock breaks up through resistance at 0.17 then it will probably continue higher to 0.19. The 200-day moving average is at 0.06. This will also act as support. If the stock closes below 0.15 a negative trend change is probable. Look for the stock to fall to the level where it started prior to the latest big upmove. The stock is neutral according to the Stochastic Indicator (49.26).