PBTS is launching new solutions for connected city applications. After a fantastic rise in early 2021, it has fallen close to its all time low. Whenever I see a lot of red, it means the stock may be at a safer level to buy, and we look for the true bottom.
It has a good analyst rating of $7.00. That's a meteoric rise from current levels of $1.65.
I'm not sure that PBTS will again see those levels this year, as it hasn't shown much consolidations at levels of support and resistance.
However, if PBTS gets a golden cross and positive 13/30 cross, it may rise to the average, which is almost 100% higher than current levels.
Powerbridge Technologies Co. Ltd. is engaged in the provision of software application and technology solutions to corporate and government customers. The company was founded by Ben B Lor and Shiang Stewart Lor in 1997 and is headquartered in Zhuhai, China.
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PBTS has since fallen to $1.39. Word on the street is that the price is being pushed down for a later move up. We will see.
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I'll be watching and sees if it finds a bottom around $1.11