RE: PEC reversal is imminent Well, I called the reversal just a few days ago and here it is, the reversal has started and this is just beginning.
It is not that i have a crystal ball. All is out there for the savvy investor, is just matter of doing some dd and T/A
Today PEC broke the resistance at .12 and touched the .135 which it should be gone very soon as well and on its way towards the high teens.
With today's volume PEC ended on the top 10 most active stocks and on the radar of many, as well many trading systems are giving PEC the buy signal, add the speculation for the news which are just around the corner ( and by the way some houses were buying today must be very positive ), PEC has clearly broken through the short down trend, and that will get the attention of those ones that use these signal, some will average down and shorts will start covering, all these will bring more volume, fast pace and a higher price for the share price
Don't forget to book some profits on the way up and
Always do your dd
SB
PS looking at some other stocks but are not quite ready yet, I will let you know when are close to move up