PCTEL: Investors Need To Remain Patient For Buying Opportunity To Present Itself

Mar. 08, 2022 2:05 PM ETPCTEL, Inc. (PCTI)3 Comments
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  • Management announced a solid fourth quarter earnings beat buoyed by strong order-book growth.
  • The market though as of yet is not convinced which may mean the $4 level will be at least tested here.
  • The key is to remain profitable. When growth follows, the market will begin to price shares significantly higher.
  • Looking for more investing ideas like this one? Get them exclusively at Elevation Code. Learn More »
Rojo creciendo gran flecha en la imagen abstracta borrosa del fondo del supermercado. Gráficos de barras. Aumento de los precios del alcohol y el vino. Concepto de inflación. Industria minorista. Finanzas y Economía. Bursátil. Tienda.

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If we pull up a long-term chart of PCTEL, Inc. (NASDAQ:PCTI), we can see that shares have dropped to steep oversold conditions. In fact, both the RSI momentum indicator as well as the slow stochastics have not been this oversold for


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https://individualtrader.netMy name is Jack Foley and I primarily write and research investment commentary as well as trade the markets. I'm Irish but live in Madrid, Spain with my beautiful wife and 2 children. I believe to be successful at this game, one has to have real passion for the markets and be constantly reading and researching material. From fundamentals analysis to technical analysis, options or futures, income or capital gain, long term trading or day trading, there is something for everyone in the markets depending on one's respective goals. "Starting with the end in mind" is a great mindset to start your investment career with respect to ascertaining exactly what you want to get out of the markets. Write down what you want and how quickly you want it. Therefore depending on the capital you are starting out with, you will then know what levels of risk you need to take. Whatever doubt or query you may have, I'm here to help. Shoot me an email in the contact tab and I'll come back to you as soon as possiblehttps://seekingalpha.com/author/individual-trader/research

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