The Company designs and develops innovative antennas that extend the reach of broadband and other wireless networks and that simplify the implementation of those networks.
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Looking at a long-term chart... it appears that PCTI cannot rise above $10. Volume has been very low over the past couple of years which may mean this one is ready to break out or it could continue basing for a while if we get into another bear market. But I love the low volume, think of it as the calm before the storm. When this one really starts rising, the $10 resistance level will look like a minor stepping stone even though right now it looks like a major one.
I don't think your assessment is very meaningful, since it gives zero attention to the company's earnings (which have not been consistently positive over the past few years). This company's recent annual report gave some indication revenues should rise and sales should shift to a slightly higher margin product mix over the coming quarters, but even that would mean eking out nickels per share in net earnings on a quarterly basis, which is, I believe, the real reason this company's stock has stayed down in the dumps.
On the other hand, it sounds like there may be a more commercially applicable antenna with potential for bigger sales abroad--if that turns out to be true, this company could be a real moneymaker. If not, then no amount of chartist nonsense will justify a green thumb.