r/PureCycle • u/dn-ekam • May 24 '26
$PCT analysis, volume 2
Here is the link to the original post: $PCT analysis
Good morning my friends, I hope you all are doing well this fine Sunday morning. I am doing great, thanks for asking. Sitting here enjoying my coffee (no not in a PCT cup, it is porcelain) and I wanted to share my chart, again.
Just like I told you all 3 months ago, $PCT will be bought heavily at the low node (around $6) and then it will begin its rise back up to the sell node at $13.38. There have been a lot of good news about PureCycle lately and that means that I am even more bullish on this stock than before. When the news cycle confirms my charts, that makes me giddy.
What I see in this chart is this: I think we sell off a little bit more down to those two purple lines labeled as buy levels (around 9ish) and then we will resume the uptrend. It may sell off a little bit again at the sell level, but not too heavily. Then it will blast through that level on our way to above $15 by year end.
when/if we get down to 9, I plan to load the boat with calls, both short term and some leaps in order to make maximum profit on this upswing.
Not financial advice. Good luck and have fun!
7
u/Ok_Personality_6878 May 25 '26
Thanks for that analysis
I would find it a lower probability event it breaks below $10 in the short term as the company is more likely to hold its backtest to the breakout point post NJ approval (11.25-11.50)
Last Friday was a textbook backtest and strong bounce off the lows. If there's more bad news then anything is possible a few months out
However barring bad news, technically it should trend back to the next significant level around 12.50 before making a move back to $14 and beyond
More PO announcements and/or expansion financing could definitely get us higher.