Another long-term downtrend broken?Here is another stock potentially breaking out of a long-term downtrend/basing pattern. I tried to put the trend line where there were the most hits so that it would be more accurate, but that resulted in some false breakouts in the past and, as a result, this could prove to be a false breakout or
Key stats
Market capitalization
79.572MUSD
Dividends yield (FY)
5.25%
Price to earnings Ratio (TTM)
27.53
Basic EPS (TTM)
0.16USD
About PCTEL, Inc
ISIN
US69325Q1058
Sector
Electronic Technology
Industry
Telecommunications Equipment
Website
pctel.com
CEO
David A. Neumann
Headquarters
Bloomingdale
Employees
213
Founded
1994
PCTEL, Inc. engages in the provision of antennas and wireless network testing solutions. It designs and manufactures precision antennas and provides test and measurement products that improve the performance of wireless networks globally. The firm's products include combination antennas, WiFi/Bluetooth/BLE, LMR/TETRA/P25, /GNSS/GPS, cellular(5G, LTE, CBRS, 3G, 2G), custom antennas, and Mounts, Cable, and Accessories. The company was founded in March 1994 and is headquartered in Bloomingdale, IL.
$PCTI can fall in the next daysContextual immersion trading strategy idea.
Abbott Laboratories discovers, develops, manufactures, and sells health care products.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short
PCTI: Ascending TriangleAscending Triangle
Pros:
Flat volumes
R/R ratio above 13
No resistance above 10,17
Cons:
PPS below 50MA and 200MA
200MA flat/descending
250MA below 50
RS descending and under 0
ATR descending, less volatile
If confirmed:
PT1=7,54
PT2=8,83
PT3=9,97
PT4=10,17
No resistance Above
$PCTI can rise in the next daysContextual immersion trading strategy idea.
PCTEL, Inc., together with its subsidiaries, delivers performance critical telecom solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas.
The share price rose after the company had been added to the Zacks Rank #1 (Strong Buy) O
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Income Statement
Balance Sheet
Cash Flow
Earnings
Next:—
0
Revenue
0