PureCycle Technologies, Inc. (PCT) came to good (for sell) level again

Discussion in 'Stock Market Today' started by Nick Leliukh, Jun 11, 2021.

  1. Nick Leliukh

    Nick Leliukh New Member

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    Hello everyone.
    Sorry for my broken English.

    Probably some of you have heard about Hindenburg research.
    In May they released a very nice piece about PureCycle Technologies, Inc. (PCT). Here is it
    https://hindenburgresearch.com/purecycle/

    Because of this research PCT dropped from 24.59 to 14.83 within one day and then rolled down to 10.
    But like Phoenix this stock moved again to 20+. According Hindenburg the company will die sooner or later (their research shows a lot of reasons for that).
    Looking at candle charts on D1 and W1, I think it's very nice time to help this stock to move down again.


    N.B. I'm short on PCT
     

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