Call Broker To Get Shares If They Are AvailableBest to do it today. Stock never follows through, but it has a low float and most of the shares are owned by insiders. They constantly lose money and are late on earnings reports frequently. I see another reverse split coming soon as they have most likely received a warning from the NASDAQ for being under the minimum $1.00 price requirement.
Buy `1/2 today just be safe then follow through once the volume dries up tomorrow
PTIE
PTIE - Symmetrical Triangle (Continuation) - BullishTechnicals:
Bullish Signals from:
Symmetrical Continuation Triangle
Expected Price Target: $6.00+
Timeline: 4wks
Bollinger Bands – W Bottoms
Last bottom lower than the prior with bonce toward middle.
MACD
Line cross-over with upward direction.
Parabolic SAR
Start of uptrend with 1 period. Awaiting more confirmation.
Net Volume on rise.
Conclusion:
Short term – Buy signal after confirmed Parabolic SAR signal and top breach in bollinger bands with further increase in volume.
Long term – Company outlook too risky however monitor potential drug approval. If approved, access market for potential sales which appears to be high at this time. Invest in other companies involved in benefiting from this.
The post is to be updated below based on changes in the market.
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Based on updated chart, this is a no go.
Disclaimer: The information discussed above may be false and opinionated. Market trading involves risk and should not be invested in solely based on the discussion above. The author assumes no liability for any losses or expenses