CableClix USA Inc (CCLX)

[midas716]

This isn't the detailed chart but I wanted to throw this one out here anyway. For those that don't know what this chart is it's a Volume by Price chart. It can be used to determine where the money is sitting, points of resistance and points of support.

First there is a solid green line at the bottom. Just looking at it this stock is never going below .01. We hit .01 3 times and 3 times it held. We are going up from here.

Price Volume Bar (PVB)

Largest PVB is where our money sits between .01 and .0283. Why is this bar so large compared to the rest? Look no further than that 18 million volume spike where shares sold that day between .0275 and .0187. Let's look at that spike. The closing price the prior day was .017. On that volume spike day the price opened at .027. A .01 gap. That's roughly an 80% gap up. Yes news was released but you tell me if this news was worthy of an 80% gap on May 17, 2017.

May 17, 2017
https://www.otcmarkets.com/stock/CCLX/news/New-CableClix-research-reveals-interest-in-local-TV-news-is-slowing-cord-cutting-growth?id=159375&b=y

Then May 18, 2017
https://www.otcmarkets.com/stock/CCLX/news/CableClix-Signs-Revenue-Sharing-Partnership-Agreement-With-Leading-Real-Time-Analytics-Provider-Cxense-ASA?id=159515&b=y

Then May 19, 2017
https://www.otcmarkets.com/stock/CCLX/news/Personalized-TV-technology-company-CableClix-strengthens-entertainment-industry-position-with-new-Los-Angeles-office?id=159618&b=y

That volume spike was a share release by the company. It was followed by 3 press releases to ensure the 18 million would get absorbed at a good price. So who set the gap price of .027? Only two people could have done that. The company or the market makers. It really doesn't matter it was set there for a reason. If you were retail would you have paid an 80% premium on the news release of May 17, 2017? I know I wouldn't have. So, who bought all the shares? It was the largest volume day in the companies history on mediocre news. Lol. This company knows exactly what they are doing in regards to their share price.

The first PVB is full. It's over 50% solid green and we can say we have a good base there. The PPS is right at the top ready to move to the next PVB up.

Not much money and not much volume there but it is over 50% green. You could say there is already a good base there and we should move through there relatively easy with little resistance. I say should with a grain of salt. It's a new stock really and I don't know what people are willing to sell for. I just know it isn't .0282. Anyone here selling for .0282? Not me that's for sure.

Next PVB up. Again not much money and not much volume but this one you could say may need to churn a bit to form a base because green is less than 50%. It's where I think we hit our first resistance to build the base there up a bit but we are talking .05 to .08 folks. Not too shabby.

This is where it gets real interesting folks. Next PVB up. It's full folks. Almost solid green. That's where the market tried to push it through the natural .10 barrier. Because there is still money and a base there, the next push at .10 will push through .10 IMO.

Then we have the blue arrows. They are blue for a reason. There is no money and no volume there. There is no resistance folks. None. We break .10 and we could possibly see what's known as a Blue Sky Breakout. If we can get there I'm putting a price of .33+ on it and my next chart will show you why.

Trust me though. This stock's just not going to do all this in a day or two. It will take a little time to fully develop and there will be ups and downs. I believe management is ready to let it go up. I believe they know what they're doing and I believe they will give us the pushes (PR's) we need at just the right times.

Then again I could be all wrong and will have to crawl under a rock for a while. Lol.