Another position I took that I wasn't feeling comfortable enough to publish at the time -- this time on $PCT. Idea introduced to me by John Hempton on Twitter, have followed the stock for months waiting for the right time to short, and happened to pick the exact week for the meatiest short. Definitely got very lucky, exited at 6.12 last week. Will be keeping a...
PureCycle Technologies, Inc. (PCT) produces recycled polypropylene (PP). PureCycle plans on developing a polypropylene recycling facility in Belgium and the company believes the facility has the potential for a total annual capacity of 500 million pounds. PureCycle is currently engaged in feedstock sourcing and financial planning with the intent to secure a...
View On PureCycle PCT(9 Jan 2023) I am seeing some bounce aka (rebound play) in this US stock, Now $5~$6 region can be a good cushion and it can go UP higher. If things work out well, $8.50 shall be pretty reachable. Let review it again in an month time or so. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment"....
$PCT missed earnings and took a fall but, I see a MACD crossover forming, a low RSI, and volume sentiment coming back to this stock. I see analyst have it ranked at the highest of $30. So a nice long trade here should be profitable.
Above 15 and you have to be long. 22% short very high
As you look at the basic indicators accompanied with ability to close the loop on plastic, we have a winner!
Been riding this wave. A bit over extended but support at 15.38 and 15.87. It’s slowly climbing daily with an excellent rounded bottom. I’m expecting a retest of original pattern breakdown up in the 20s. I’d buy a pull back. I’m long since 14$
This chart shows that over the course of the last two weeks, the hourly chart has simple moving average lines that have crossed each other. Specifically, the 50 day SMA and the 100 day SMA are below the 200 day SMA line showing that the stock is trading downwards compared to historical data. It does seem that the 50 day SMA has taken an upturn and is looking to...
This hourly chart showing the price action over the last month shows that PCT has recently dipped under the volume weighted average price line and is now trading around the line but slightly under. In the short term, the VWAP could serve as a line of resistance, but in the past the VWAP shows no signs of being either a line of support nor resistance.
Since PCT's IPO it has been trading in a general uptrend, this chart shows that PCT has had a bounce off of it's 200 day simple moving average line showing support. PCT is trading around the 50 day simple moving average line now looking to show a support line there as well. The relative strength index for PCT is moderate as of now showing it is neither overbought...