PRECOT - SHORT TERM: WEAK, LONG TERM: STRONG, PREVAILING BIAS: NONE
Precot is not a trading stock. It has a good long term chart. But it has no volume. A stock without volume is like a 20 storey tower standing on wooden stilts. They may stand for 1 day, 1 year (but we don't know when they collapse). Short term, it looks like it is heading to 240
Such stocks suddenly develop volume which lasts a few days. Once that happens i.e. volumes of 50 times its current 3 month average, we can give this a look
http://www.ashudutt.com/
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