I can lead a horse to water, but I can't make him drink !
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An example of Chaikin Money Flow
and what to look for.
A Bullish Divergence is defined as
Price falling while CMF is rising (trending up).
Example: Alcoa
http://stockcharts.com/school/data/media/chart_school/technical_indicators_and_overlays/chaikin_money_flow_cmf/cmf-aa-bull.png
Chaikin Money Flow shows positive direction !
CMF is trending up, as the price is falling.
This is a Bullish Divergence, and implies trend reversal is near, and higher prices will be approaching soon.
We saw this in the period of mid-Sept. thru mid-Nov. last year.
The stock went from 0.06c to 0.21c once the CMF went above the zero line, in Dec.
We saw it with the MACD, and the Money Flow Index (MFI) as well.
CMF
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=1&mn=0&dy=0&id=p59525664584
MACD
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=1&mn=0&dy=0&id=p49331206201
MFI
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=1&mn=0&dy=0&id=p37778576381
Last years Q2 Report was in mid-August
http://ih.advfn.com/p.php?pid=nmona&article=39059373&symbol=OTCBB%3AOPMG
The Bid/Ask spreads are "wide" this morning.
0.015c - 0.030c
0.016c - 0.020c
0.015c - 0.020c
0.017c - 0.018c
0.016c - 0.019c
0.016c - 0.018c
http://www.otcmarkets.com/stock/opmg/quote
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=6&dy=0&id=p14364495303
Date/Time 11:43 a.m.
Last 0.0160 (U)
Change -0.0020 (-11.11%)
Bid (Bid Size) 0.0150 (50) (U)
Ask (Ask Size) 0.03 (50) (U)
Technical Update, for Monday, July 26th.
I would be a BUYER, on any break below 0.034c
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=1&mn=0&dy=0&id=p65639682844
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p30409676464
STOCHASTIC ALERT:
Stochastic OverSold Buried
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=stoch&mode=table
TREND ALERT:
Intermediate Term Downward Sloping Trading Channel
Intermediate Term Bullish Breakout
http://www.stockta.com/cgi-bin/analysis.pl?symb=cctc&table=trend&mode=table
http://barchart.com/chart.php?sym=CCTC&style=technical&p=DO&d=O&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=SMA%2820%2C16711680%29%3BMFI%2814%2C255%2C100%2C39168%2C16711680%29%3BSSTO%2814%2C3%2C16763904%2C6724095%29&chartindicator_1_code=SMA&chartindicator_1_param_0=20&chartindicator_1_param_1=16711680&chartindicator_2_code=MFI&chartindicator_2_param_0=14&chartindicator_2_param_1=255&chartindicator_2_param_2=100&chartindicator_2_param_3=39168&chartindicator_2_param_4=16711680&chartindicator_3_code=SSTO&chartindicator_3_param_0=14&chartindicator_3_param_1=3&chartindicator_3_param_2=16763904&chartindicator_3_param_3=6724095&addindicator=&submitted=1&fpage=&txtDate=&x=49&y=5
pqwolf, this is what I see currently
CCTC is displaying a Head & Shoulders "top" pattern, over the last 4-weeks, and this is "bearish".
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p73541332235
All labeled:
The Left-Shoulder is 0.06c
The Head is 0.0689c
The Right-Shoulder is 0.062c
The Neckline is 0.051c and 0.050c
H&S tops, imply lower prices, and a measurement from the Head down to the Neckline is 0.0689c - 0.050c = 0.0189c, then subtract 0.0189c from the Neckline of 0.051c and you get a price target of 0.0321c.
This target of 0.0321c would under the 52-week low of 0.034c, and that is where I would be a BUYER. The price would rise after hitting this low of 0.0321c since it went under a 6-month support.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p76037064818
Have a great weekend everybody !
Monday thru Friday next week will be enjoyable !
http://www.stockta.com/cgi-bin/analysis.pl?symb=OPMG&num1=567&cobrand=&mode=stock
I suspect that the shorts are covering today,
so they don't get "Short-Squeezed" next week.
They are protecting their profits that they have made during this latest dive in the price. They don't want to have to chase the stock next week and pay the higher prices to cover their positions. They are buying the shares back at todays low prices to cover.
Again, Monday should be a "kick-Off" day to begin a multi-day climb.
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=3&dy=0&id=p07129919409
Will close today at 0.017c, on less volume than yesterdays.
The stock will climb next week reaching as high as a minimum
0.026c, and possible high of 0.03c to 0.0325c the following week.
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=3&dy=0&id=p33946606417
Current Technicals for OPMG, July 23rd, Friday.
http://www.allotcbb.com/quote.php?symbol=opmg
OPMG.OB
7/22/2010 4:00:12 PM
Overall
Targets
Six months: 0.0432 One year: 0.0584
Supports
Support1: 0.0160 Support2: 0.0133
Resistances
Resistance1: 0.0370 Resistance2: 0.0500
Pivot Point
0.0231
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=3&dy=0&id=p36338609632
Everyone will be making money, starting next Monday,
as a rally unfolds, and builds over the next 9-days, or so.
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=3&dy=0&id=p36338609632
An opportunity to sell, is approaching for current holders, and also for new traders who got it under 0.02c, who will be able to make a quick 50% near-term (9-days), and 100% short-term
(30-days).
My Forecast for today, Friday, July, 23rd
OPMG currently at 0.018c close on Thursday July 22nd.
The "short-covering" will begin in ernest, now that support of 0.022c has been broken to the downside, and the price per share has fallen below the support by an oversold percentage,
big enough, basically an "overshoot". I like to buy on overshoots, because that's when you typically see the shorts get scared and start buying to cover their short positions.
I suspect that we will see some news announcement soon over the next several days, either in the form of a PR by the company, or a blog from "Joe Noel".
http://www.joenoelstocks.com/category/stocks-covered/options-media-group-holdings-opmg/
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=3&dy=0&id=p48636199571
Recent CandleStick Analysis Very Bullish !
Bullish
http://www.stockta.com/cgi-bin/analysis.pl?symb=OPMG&num1=567&cobrand=&mode=stock
Bullish
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=3&dy=0&id=p68970667801
Bullish
http://www.stockta.com/cgi-bin/analysis.pl?symb=OPMG&mode=table&table=trend&num1=568
Bullish
http://www.stockta.com/cgi-bin/analysis.pl?symb=OPMG&table=stoch&mode=table
OPMG Technical Update for Friday, July 23rd
I began accumulating OPMG on Monday July 19th, at 0.022c, the
support level. Now that the stock has fallen under this support, which is always a reason to begin accumulating, for me, I am looking for these below listed targets.
OPMG stands a very good chance, to now move up to:
0.028c minimum, near-term (7 days),
0.038c short-term (30 days),
0.10c intermediate-term (60 days).
There is a strong "Bullish Divergence", basis the CCI and RSI verses the price (price is declining, while RSI & CCI are trending in the opposite direction, up, since June 9th).
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=6&dy=0&id=p77505310657
OPMG technically like SPX chart
The SPX ( S&P 500 ) can be used as a guide in determining the direction for OPMG.
The SPX bottomed on July 1st at 1010.91
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p89652336366
OPMG bottomed yesterday, July 22nd, at 0.016c
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=3&dy=0&id=p92115986927
OPMG stands a very good chance, to now move up to:
0.028c minimum, near-term (7 days),
0.038c short-term (30 days),
0.10c intermediate-term (60 days).
The CCI is confirming a bottom today,
just like March 22nd, and June 9th.
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=6&dy=0&id=p27201135798
"Dead-Cat-Bounce" is coming soon !
Could be at 0.028c early next week !
Will challenge 0.022c ( Resistance ) first.
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=6&dy=0&id=p68466361764
The Number of Joe Noel Posts,
since JANUARY:
None in July, so far, and only two in JUNE.
As of JULY 22:
JULY ( none )
JUNE 8,14
MAY 2,10,27
APRIL 5,16,20,22,27,27
MAR 3,21,22,27,31,31,31
FEB 1,7,11,22
JAN 6,25,25,25,25,25,25
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=6&dy=0&id=p72115535054
http://www.joenoelstocks.com/category/stocks-covered/options-media-group-holdings-opmg/
Slow STO and MACD, indicate now is time to BUY !
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=6&dy=0&id=p16979828216
Previous indications to BUY were:
Feb 8
Feb 22
Mar 17
May 22
June 19
*** NOW July 21st *******
Technical Target of 0.10c next 30-days !
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=1&mn=0&dy=0&id=p89144793568
http://barchart.com/chart.php?sym=OPMG&style=technical&p=DO&d=X&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=MFI%2814%2C255%2C100%2C39168%2C16711680%29%3BSTOSL%2814%2C3%2C16763904%2C6724095%29%3BHLMA%2810%2C8%2C16711680%2C255%29&chartindicator_1_code=MFI&chartindicator_1_param_0=14&chartindicator_1_param_1=255&chartindicator_1_param_2=100&chartindicator_1_param_3=39168&chartindicator_1_param_4=16711680&chartindicator_2_code=STOSL&chartindicator_2_param_0=14&chartindicator_2_param_1=3&chartindicator_2_param_2=16763904&chartindicator_2_param_3=6724095&chartindicator_3_code=HLMA&chartindicator_3_param_0=10&chartindicator_3_param_1=8&chartindicator_3_param_2=16711680&chartindicator_3_param_3=255&addindicator=&submitted=1&fpage=&txtDate=&x=24&y=9
Technicals for OPMG, for Thursday, July 22nd
OPMG is going to a minimum of 0.0325c shortly.
Currently at 0.02c
BULLISH DIVERGENCE:
50% Drop from previous high of 0.038c
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=6&dy=0&id=p05415076422
http://www.stockta.com/cgi-bin/analysis.pl?symb=OPMG&mode=table&table=trend&num1=568
http://americanbulls.com/StockPage.asp?CompanyTicker=OPMG&MarketTicker=OTC&TYP=S
BULLISH DIVERGENCE:
MONEY FLOW RISING:
http://barchart.com/chart.php?sym=OPMG&style=technical&p=DO&d=M&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=MFI%2814%2C255%2C100%2C39168%2C16711680%29%3BSTOSL%2814%2C3%2C16763904%2C6724095%29%3BHLMA%2810%2C8%2C16711680%2C255%29&chartindicator_2_code=MFI&chartindicator_2_param_0=14&chartindicator_2_param_1=255&chartindicator_2_param_2=100&chartindicator_2_param_3=39168&chartindicator_2_param_4=16711680&chartindicator_3_code=STOSL&chartindicator_3_param_0=14&chartindicator_3_param_1=3&chartindicator_3_param_2=16763904&chartindicator_3_param_3=6724095&chartindicator_4_code=HLMA&chartindicator_4_param_0=10&chartindicator_4_param_1=8&chartindicator_4_param_2=16711680&chartindicator_4_param_3=255&addindicator=&submitted=1&fpage=&txtDate=&x=21&y=10
Will trdae for 0.03c minimum in the next
7 days, a 50% return, if bought here at 0.02c
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=6&dy=0&id=p74730347639
Technically, a Good time to be BUYING !
Buy when the price has fallen below recent support.
The price goes up to test the support level, which has now become the resistance level.
The stochastic reading is "oversold buried". The stochastic reading is under 20.
Note the the stock price moves up, after it falls below recent support. You can see this on the following chart.
http://www.stockta.com/cgi-bin/analysis.pl?symb=OPMG&mode=table&table=stoch&num1=568
Positive Divergence between the MACD and Price.
the MACD is rising, while the price is falling.
Price will rise shortly.
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=6&dy=0&id=p74730347639
Valuation Measure for OPMG
Current Price 0.02c
FROM SCOTTRADE:
Revenue $1.2M
Revenue per share 0.07c
BookValue per share 0.03c
CashPerShare 0.00c
YAHOO FINANCE:
Total Cash $708K
Shares Outstanding 229M
Revenue(ttm) $6.46M
FROM Latest Quarterly Report 10-Q Mar 31st
Total Assets $8.2M
Total Liab. $ 987K
Ratio 8:1
the first quarter of 2010 ending March 31st. Revenues for the quarter were approximately $1.2 million with gross margins just under 71%. The Company continues to strengthen its balance sheet on a year over year basis ending the most recent quarter with cash balance of just over $708,000, current assets of approximately $1.4 million and total assets of $8.3 million. The Company has also eliminated all notes payable and long term debt.
"We are very pleased to present out latest results to our investors and other stakeholders," commented Scott Frohman, CEO of Options Media Group. "We have improved our balance sheet on almost every possible metric and we have done an excellent job in managing our expenses with our server and hosting, compensation, bad debt and G&A expenses all falling considerably compared to comparable periods. We believe our strengthened balance sheet positions us well to capitalize on the growing markets for social media and mobile phone applications we have recently entered."
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=6&dy=0&id=p74730347639
NMTI is a good "Swing Play"
I am a BUYER at this level.
Could move to $1.60, in advance of EPS results for the QTR,
from the current 0.47c, as of Friday July 16th.
http://stockcharts.com/h-sc/ui?s=NMTI&p=D&yr=1&mn=0&dy=0&id=p43215304291
Technicals for OPMG, for Monday July 19th
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=6&dy=0&id=p74167857874
Video:
http://www.qualitystocks.net/videocharts.php?chartvid_id=426
Technical Analysis:
http://www.stockta.com/cgi-bin/analysis.pl?symb=OPMG&num1=567&cobrand=&mode=stock
Barchart:
http://barchart.com/chart.php?sym=OPMG&style=technical&p=DO&d=M&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=SMA%2820%2C16711680%29%3BMFI%2814%2C255%2C100%2C39168%2C16711680%29%3BSTOSL%2814%2C3%2C16763904%2C6724095%29&chartindicator_1_code=SMA&chartindicator_1_param_0=20&chartindicator_1_param_1=16711680&chartindicator_2_code=MFI&chartindicator_2_param_0=14&chartindicator_2_param_1=255&chartindicator_2_param_2=100&chartindicator_2_param_3=39168&chartindicator_2_param_4=16711680&chartindicator_3_code=STOSL&chartindicator_3_param_0=14&chartindicator_3_param_1=3&chartindicator_3_param_2=16763904&chartindicator_3_param_3=6724095&addindicator=&submitted=1&fpage=&txtDate=&x=43&y=8
Does anyone have a"Link" for this type of chart,
I've deleted mine by mistake.
I can't locate the link.
It appears to be bigcharts
http://realtime.bigcharts.com/chart.asp?symb=CCTC&time=5dy&freq=15mi&compidx=aaaaa~0&lf=268435456&ma=0&uf=0&lf2=0&lf3=0&type=4&style=330&size=3&mocktick=1&35736
MACD about to crossover, looking Bullish !
Weekly Chart:
Bullish
Possible "Reverse Head & Shoulders Pattern" ( Bottom )
Left Shoulder 0.035c
Head 0.02c
Right Shoulder 0.035c
http://stockcharts.com/h-sc/ui?s=HSCO&p=W&yr=1&mn=0&dy=0&id=p75232084375
IMO, this rally, that began on July 1st, is FOR REAL !
Support is 0.05c
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p57200640272
1st resistance is 0.0689c
2nd resistance is 0.080c
Minimum objective is 0.10c
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p22139922871
I will be BUYING on any pullback near 0.051c.
"Revised" Technical Update, for Wednesday, July 14th.
Note: I have made adjustments and changes to the "Wave" structure to reflect the "Primary Wave". Primary Waves, are made up of
5-Minor Waves.
IMO, this rally is for real !
I will be BUYING on any pullback near 0.051c.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p84857465707
The resistance level of 0.114c continues to be the "key" to the upside potential. If the stock can get above 0.114c, there is no "resistance" until 0.27c, and once that is penetrated, the stock can then move up fast, to over $1.00.
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=569&cobrand=&mode=stock
http://www.optionsoutlet.com/trading_technicals/images/improv25.gif
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p77310793096
CCTC may have reached bottom Friday June 30th,at 0.05c, to establish Wave 2(red),
(a,b,c corrective phase).
http://www.optionsoutlet.com/trading_technicals/images/improv32.gif
Wave 3(red) may be beginning,
CCTC is now positioned for a strong move-up. A NEW, "lower low", is now in place at 0.05c, from the high of 0.42c, that was set on February 18th.
Refer to 5-Wave "Elliott Wave" Chart below:
http://www.ensignsoftware.net/images/20-4.gif
Where CCTC is Currently:
Primary Wave 3(red) July 30th
Minor 1= 0.06c Minor 2=0.051c Minor 3=0.0689c Minor 4=
Primary Wave 2(red) February 18th - June 30th Corrective Wave
A=.10c B=.185c C=.05c
Primary Wave 1(red) February 10th - 18th Impulse Wave (6-days)
Minor 1=.05c Minor 2=.035c Minor 3=.13c Minor 4=.12c Minor 5=.42c
STOCHASTIC ALERT: http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=stoch&mode=table
TREND ALERT:
Intermediate Term Downward Sloping Trading Channel
Intermediate Term Bullish Breakout !!!!
Short Term Downward Sloping Trading Channel
Short Term Bullish Breakout !!!!
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=trend&mode=table
MACD Alerts:
BottomBullishDivergence !!!!!
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=macd&mode=table
http://barchart.com/chart.php?sym=CCTC&style=technical&p=DO&d=O&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=SMA%2820%2C16711680%29%3BMFI%2814%2C255%2C100%2C39168%2C16711680%29%3BSSTO%2814%2C3%2C16763904%2C6724095%29&chartindicator_1_code=SMA&chartindicator_1_param_0=20&chartindicator_1_param_1=16711680&chartindicator_2_code=MFI&chartindicator_2_param_0=14&chartindicator_2_param_1=255&chartindicator_2_param_2=100&chartindicator_2_param_3=39168&chartindicator_2_param_4=16711680&chartindicator_3_code=SSTO&chartindicator_3_param_0=14&chartindicator_3_param_1=3&chartindicator_3_param_2=16763904&chartindicator_3_param_3=6724095&addindicator=&submitted=1&fpage=&txtDate=&x=49&y=5
Technical Observation, for Wednesday, July 14th.
CCTC MACD Alert:
Bottom Bullish Divergence !!!!
http://www.stockta.com/cgi-bin/analysis.pl?symb=cctc&table=macd&mode=table
Short-Term Resistance is at 0.0698c and 0.08c
Support is 0.05c.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p33032264176
STOCHASTIC ALERT:
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=stoch&mode=table
TREND ALERT: Intermediate-Term Downward Sloping Trading Channel
Intermediate-Term Bullish Breakout !!!!!!
Short-Term Downward Sloping Trading Channel
Short-Term Bullish Breakout !!!!
http://www.stockta.com/cgi-bin/analysis.pl?symb=cctc&table=trend&mode=table
http://barchart.com/chart.php?sym=CCTC&style=technical&p=DO&d=O&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=SMA%2820%2C16711680%29%3BMFI%2814%2C255%2C100%2C39168%2C16711680%29%3BSSTO%2814%2C3%2C16763904%2C6724095%29&chartindicator_1_code=SMA&chartindicator_1_param_0=20&chartindicator_1_param_1=16711680&chartindicator_2_code=MFI&chartindicator_2_param_0=14&chartindicator_2_param_1=255&chartindicator_2_param_2=100&chartindicator_2_param_3=39168&chartindicator_2_param_4=16711680&chartindicator_3_code=SSTO&chartindicator_3_param_0=14&chartindicator_3_param_1=3&chartindicator_3_param_2=16763904&chartindicator_3_param_3=6724095&addindicator=&submitted=1&fpage=&txtDate=&x=49&y=5
3-STARS
http://www.allotcbb.com/quote.php?symbol=cctc
There exists the possibility, that this move is a "real" breakout, out of the channel that the stock has been in since the top on April 12th, at 0.185c. Three "Fan Lines" can be drawn from that "pivot-point" of 0.185c, and Mondays move took the pps outside of the channel.
If the stock pulls back today, and moves down toward 0.051c and holds, I think that the stock could then stand a chance of going above 0.0689c.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p48985758817
CCTC scenario for Wednesday, July 14th.
CCTC might be ready to move to 0.10c
The following WEEKLY chart of NMTI, may offer a clue as to the direction of the pps for CCTC.
NMTI Weekly Chart:
http://stockcharts.com/h-sc/ui?s=NMTI&p=W&yr=2&mn=0&dy=0&id=p44575931844
NMTI bottomed in DEC. 2008, then surged to a high in Jan.2009,of $1.59, to establish Wave #1, then corrected in an A=0.84c,B=$1.13,C=0.60c pattern for 2-1/2 months, down to the blue moving average on DEC.2008, to 0.60c, to establish Wave #2, then turned up again, moving to $1.168, going above B=$1.13, then correcting down to 0.72c.
CCTC has a similar pattern, having moved from 0.034c to 0.42c to establish Wave #1, then corrected in an A=0.10c,B=0.185c,C=0.05c pattern for 4-1/2 months, down to the blue moving average at the low in February, to 0.05c, to "possibly" establish Wave #2, and is now turning up. We'll need to see if this move up yesterday has any sustainability.
CCTC Weekly Chart:
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=2&mn=0&dy=0&id=p62182696030
Note the Slow Stochastic in each chart. It turned up, and trended up, as the price of the stock was falling.
If CCTC is able to hold here at 0.05c, and move up to 0.10c, then a move to 0.185c is also possible. In this case, a move above 0.42c is also possible.
Technical Targets, for Wednesday, July 14th.
(Adjusted daily to reflect the changes in the pps)
**Note: New Low made at 0.050c June 30th
My Intermediate-Term to Long-term "Targets" are:
1st Swing Target = 0.32c
(0.185c - 0.050c) = 0.135c, (0.135c + 0.185c) = 0.32c
2nd Swing Target = 0.79c
(0.42c - 0.05c) = 0.37c, (0.37c + 0.42c) = 0.79c
Long-Term:
Overshoot Swing Target = possible $1.15 (the April 2008 Support)
Short-Term Daily Chart:
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p36775768674
Intermediate-Term Daily Chart:
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p77310793096
http://barchart.com/chart.php?sym=CCTC&style=technical&p=DO&d=O&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=SMA%2820%2C16711680%29%3BMFI%2814%2C255%2C100%2C39168%2C16711680%29%3BSSTO%2814%2C3%2C16763904%2C6724095%29&chartindicator_1_code=SMA&chartindicator_1_param_0=20&chartindicator_1_param_1=16711680&chartindicator_2_code=MFI&chartindicator_2_param_0=14&chartindicator_2_param_1=255&chartindicator_2_param_2=100&chartindicator_2_param_3=39168&chartindicator_2_param_4=16711680&chartindicator_3_code=SSTO&chartindicator_3_param_0=14&chartindicator_3_param_1=3&chartindicator_3_param_2=16763904&chartindicator_3_param_3=6724095&addindicator=&submitted=1&fpage=&txtDate=&x=49&y=5
Technical Update, for Wednesday, July 14th.
IMO, this rally is for real !
I will be BUYING on any pullback near 0.051c.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p84857465707
The resistance level of 0.114c continues to be the "key" to the upside potential. If the stock can get above 0.114c, there is no "resistance" until 0.27c, and once that is penetrated, the stock can then move up fast, to over $1.00.
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=569&cobrand=&mode=stock
http://www.optionsoutlet.com/trading_technicals/images/improv25.gif
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p77310793096
CCTC may have reached bottom Friday June 30th,at 0.05c, to establish Wave 2(red),
(a,b,c corrective phase).
http://www.optionsoutlet.com/trading_technicals/images/improv32.gif
Wave 3(red) may be beginning,
CCTC is now positioned for a strong move-up. A NEW, "lower low", is now in place at 0.05c, from the high of 0.42c, that was set on February 18th.
Refer to 5-Wave "Elliott Wave" Chart below:
http://www.ensignsoftware.net/images/20-4.gif
Where CCTC is Currently:
Wave 3(red) July 30th ( Possible Impulse Wave ???)
1= 0.06c 2=0.051c 3=0.0689c 4=
Wave 2(red) February 18th - June 30th Corrective Wave
A=.10c B=.185c C=.05c
Wave 1(red) February 10th - 18th Impulse Wave (6-days)
1=.05c 2=.035c 3=.13c 4=.12c 5=.42c
STOCHASTIC ALERT: http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=stoch&mode=table
TREND ALERT:
Intermediate Term Downward Sloping Trading Channel
Intermediate Term Bullish Breakout !!!!
Short Term Downward Sloping Trading Channel
Short Term Bullish Breakout !!!!
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=trend&mode=table
MACD Alerts:
BottomBullishDivergence !!!!!
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=macd&mode=table
http://barchart.com/chart.php?sym=CCTC&style=technical&p=DO&d=O&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=SMA%2820%2C16711680%29%3BMFI%2814%2C255%2C100%2C39168%2C16711680%29%3BSSTO%2814%2C3%2C16763904%2C6724095%29&chartindicator_1_code=SMA&chartindicator_1_param_0=20&chartindicator_1_param_1=16711680&chartindicator_2_code=MFI&chartindicator_2_param_0=14&chartindicator_2_param_1=255&chartindicator_2_param_2=100&chartindicator_2_param_3=39168&chartindicator_2_param_4=16711680&chartindicator_3_code=SSTO&chartindicator_3_param_0=14&chartindicator_3_param_1=3&chartindicator_3_param_2=16763904&chartindicator_3_param_3=6724095&addindicator=&submitted=1&fpage=&txtDate=&x=49&y=5
*From January 21 to February 10, the "Price Trend" was moving down, while the "Money Flow Index" was moving UP!
Result: Strong Impulse move UP! 0.034c to 0.42c
*From April 29 to June 30, the "Price Trend" is moving down, while the "Money Flow Index" is trending UP!
Result: A potential move to the UPSIDE !
tracker144: CCTC's pps is
at a position where two possibilites exist.
I can see the chance for it to both go to under 0.34c, as well as go up to 0.10c and then above 0.185c.
I have posted scenarios for both cases.
I'm not now, nor have I ever, claimed to be a crystal ball reader.
I just wanted to let people know that two scenarios are in play.
When stocks are moving up, people take on risk by being in them as they are rising.
I prefer to buy stocks when they fall under recent support levels, which lessens the risk od holding them.
When you buy a stock under the support level, it then attempts to go back up, where a person can choose to sell if they want to, for a profit.
I never buy a stock as it is going up, because it can then turn down.
CCTC has been in a trading channel, and so there have been many opprtunities to both buy and sell on these rises and falls, under supports and above resistances.
I'm not telling anyone when to buy and at what price to pay.
I'm merely posting the possibilities.
CCTC might be ready to move to 0.10c
The following chart of NMTI, may offer a clue as to the direction of the pps for CCTC.
http://stockcharts.com/h-sc/ui?s=NMTI&p=D&yr=2&mn=0&dy=0&id=p04551520683
NMTI bottomed in DEC. 2008, then surged to a high in Jan.2009,of $1.59, to establish Wave #1, then corrected in an A=0.84c,B=$1.13,C=0.60c pattern for 2-1/2 months, down to the blue moving average on DEC.2008, to 0.60c, to establish Wave #2, then turned up again, moving to $1.168, going above B=$1.13, then correcting down to 0.72c.
CCTC has a similar pattern, having moved from 0.034c to 0.42c to establish Wave #1, then corrected in an A=0.10c,B=0.185c,C=0.05c pattern for 4-1/2 months, down to the blue moving average at the low in February, to 0.05c, to "possibly" establish Wave #2, and is now turning up. We'll need to see if this move up yesterday has any sustainability.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=2&mn=0&dy=0&id=p18016201040
CCTC bottomed in FEB. 2010, then surged to a high in FEB.2010, then corrected for 4 months, down to the blue moving average in FEB.
Note the Slow Stochastic in each chart. It turned up, and trended up, as the price of the stock was falling.
If CCTC is able to hold here at 0.05c, and move up to 0.10c, then a move to 0.185c is also possible. In this case, a move above 0.42c is also possible.
Technical Update, for Tuesday, July 13th.
On Monday July 13th, CCTC is showing signs of life, having broken out above recent resistance of 0.063c. http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=1&dy=0&id=p93636679019
The resistance level of 0.114c continues to be the "key" to the upside potential. If the stock can get above 0.114c, there is no "resistance" until 0.27c, and once that is penetrated, the stock can then move up fast, to over $1.00.
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=569&cobrand=&mode=stock
http://www.optionsoutlet.com/trading_technicals/images/improv25.gif
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p77310793096
CCTC may have reached bottom Friday June 30th,at 0.05c, to establish Wave 2(red),
(a,b,c corrective phase).
http://www.optionsoutlet.com/trading_technicals/images/improv32.gif
Wave 3(red) may be beginning,
CCTC is now positioned for a strong "Impulse" move-up. A NEW, "lower low", is now in place at 0.05c, from the high of 0.42c, that was set on February 18th.
Refer to 5-Wave "Elliott Wave" Chart below:
http://www.ensignsoftware.net/images/20-4.gif
Where CCTC is Currently:
Wave 3(red) July 30th ( Possible Impulse Wave ???)
1= 0.06c 2=0.051c 3=
Wave 2(red) February 18th - June 30th Corrective Wave
A=.10c B=.185c C=.05c
Wave 1(red) February 10th - 18th Impulse Wave (6-days)
1=.05c 2=.035c 3=.13c 4=.12c 5=.42c
STOCHASTIC ALERT: http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=stoch&mode=table
TREND ALERT:
Intermediate Term Downward Sloping Trading Channel
Intermediate Term Bullish Breakout !!!!
Short Term Downward Sloping Trading Channel
Short Term Bullish Breakout !!!!
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=trend&mode=table
MACD Alerts:
BottomBullishDivergence !!!!!
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=macd&mode=table
http://barchart.com/chart.php?sym=CCTC&style=technical&p=DO&d=O&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=SMA%2820%2C16711680%29%3BMFI%2814%2C255%2C100%2C39168%2C16711680%29%3BSSTO%2814%2C3%2C16763904%2C6724095%29&chartindicator_1_code=SMA&chartindicator_1_param_0=20&chartindicator_1_param_1=16711680&chartindicator_2_code=MFI&chartindicator_2_param_0=14&chartindicator_2_param_1=255&chartindicator_2_param_2=100&chartindicator_2_param_3=39168&chartindicator_2_param_4=16711680&chartindicator_3_code=SSTO&chartindicator_3_param_0=14&chartindicator_3_param_1=3&chartindicator_3_param_2=16763904&chartindicator_3_param_3=6724095&addindicator=&submitted=1&fpage=&txtDate=&x=49&y=5
*From January 21 to February 10, the "Price Trend" was moving down, while the "Money Flow Index" was moving UP!
Result: Strong Impulse move UP! 0.034c to 0.42c
*From April 29 to June 30, the "Price Trend" is moving down, while the "Money Flow Index" is trending UP!
Result: A potential Strong Impulse move to the UPSIDE !
Technical Targets, for Tuesday, July 13th.
(Adjusted daily to reflect the changes in the pps)
**Note: New Low made at 0.050c June 30th
My "Targets" are:
1st Swing Target = 0.32c
(0.185c - 0.050c) = 0.135c, (0.135c + 0.185c) = 0.32c
2nd Swing Target = 0.79c
(0.42c - 0.05c) = 0.37c, (0.37c + 0.42c) = 0.79c
Long-Term:
Overshoot Swing Target = possible $1.15 (the April 2008 Support)
Short-Term Daily Chart:
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p36775768674
Intermediate-Term Daily Chart:
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p77310793096
http://barchart.com/chart.php?sym=CCTC&style=technical&p=DO&d=O&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=SMA%2820%2C16711680%29%3BMFI%2814%2C255%2C100%2C39168%2C16711680%29%3BSSTO%2814%2C3%2C16763904%2C6724095%29&chartindicator_1_code=SMA&chartindicator_1_param_0=20&chartindicator_1_param_1=16711680&chartindicator_2_code=MFI&chartindicator_2_param_0=14&chartindicator_2_param_1=255&chartindicator_2_param_2=100&chartindicator_2_param_3=39168&chartindicator_2_param_4=16711680&chartindicator_3_code=SSTO&chartindicator_3_param_0=14&chartindicator_3_param_1=3&chartindicator_3_param_2=16763904&chartindicator_3_param_3=6724095&addindicator=&submitted=1&fpage=&txtDate=&x=49&y=5
Technical Update, for Tuesday, July 13th.
OBSERVATION:
CCTC has had a "Breakout" short-term, within the confines of a "down-trend trading channel", which has a width of 0.04c to 0.05c, from the bottom of the channel, to the top of the channel. If the stock has a follow-thru today, to add to yesterdays move up, it could get as high as 0.09c to 0.10c, coming off of the most recent low of 0.05c, the low of the channel.
Short-Term Resistance is at 0.0698c and 0.08c
Support is 0.05c.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p36775768674
STOCHASTIC ALERT:
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=stoch&mode=table
TREND ALERT: Intermediate-Term Downward Sloping Trading Channel
Intermediate-Term Bullish Breakout !!!!!!
Short-Term Downward Sloping Trading Channel
Short-Term Bullish Breakout !!!!
http://www.stockta.com/cgi-bin/analysis.pl?symb=cctc&table=trend&mode=table
http://barchart.com/chart.php?sym=CCTC&style=technical&p=DO&d=O&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=SMA%2820%2C16711680%29%3BMFI%2814%2C255%2C100%2C39168%2C16711680%29%3BSSTO%2814%2C3%2C16763904%2C6724095%29&chartindicator_1_code=SMA&chartindicator_1_param_0=20&chartindicator_1_param_1=16711680&chartindicator_2_code=MFI&chartindicator_2_param_0=14&chartindicator_2_param_1=255&chartindicator_2_param_2=100&chartindicator_2_param_3=39168&chartindicator_2_param_4=16711680&chartindicator_3_code=SSTO&chartindicator_3_param_0=14&chartindicator_3_param_1=3&chartindicator_3_param_2=16763904&chartindicator_3_param_3=6724095&addindicator=&submitted=1&fpage=&txtDate=&x=49&y=5
3-STARS
http://www.allotcbb.com/quote.php?symbol=cctc
I still maintain that yesterdays move was an opportunity to SELL, given the non-substantive PR release, however, there also exists the possibility that this move yesterday was a breakout, out of the channel that the stock has been in since the top on
April 12th, at 0.185c. Three "Fan Lines" can be drawn from that "pivot-point" of 0.185c, and yesterdays move took the pps outside of the channel.
If the stock falters today, and moves down toward 0.05c, I would think that the stock would then stand a better chance of going under 0.034c, the 52-weel low.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p48985758817
IMO, CCTC has had its run for the day.
SELLING will now take hold, and drive the stock lower, perhaps closing the "GAP" that was created this morning.
The opportunity to SELL on NEWS was available this morning.
Hope everyone took advantage of it.
IMO, the stock has a strong chance at going under its 52-week low of 0.034c, where I would be a BUYER.
On the other hand, if the CEO has it in his will to do so, he might release a PR with substance that will drive the stock up to 0.10c.
I would rather err on the side that CCTC has a better chance of hitting 0.03c or less.
IMO, the CEO and others with large positions took this opportunity to SELL today.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p55922008712