Below you will find pages that utilize the taxonomy term “PMCS”
I wrote about $PMCS back on 1/14/10, the day after it made a nice hammer formation at its 200 DMA. It made the hammer at the bottom of a trend with very little volume or conviction for me, and I reviewed the weekly chart for additional clues. At that time I suspected it might test its lower boundary of about $7.94, and it did yesterday. Too bad I didn't short this one.
PMCS made a hammer on its daily chart, right at the 200 DMA. Hammers at the bottom of a trend channel are usually an indicator of a trend change. This assumes some heavy volume, which with PMCS is questionable. Volume is greater than the day before where we see a gap down, but not as big as when the dam broke back on 10/25.
So we'll look to the weekly chart for additional clues.