I can lead a horse to water, but I can't make him drink !
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The NEWS history is very interesting to me, in that the last two PR's on Inner-Mongolia were on June 18th, and June 18th is this Friday. The following chart seems to show that the price pattern is lining up in this direction.http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p78058708735
I am expecting "back-to-back days", of BIG gains, and am seeing the chance for two scenarios. The two day BIG gains will happen on one of the following back-to-back days:
Friday "June 18th"
Thursday June 17th
Wednesday June 16th,
Tuesday June 15th
I see a strong possibility for the "Friday 18th scenario". (Someone pointed out that the Chinese are supersticious.)
June 18th, 2010 ( NEWS????? )
June 18th, 2009 $2.50
Clean Coal Technologies, Inc., (CCTI) Attains Significant Milestones
on Inner Mongolia Project
June 18th, 2008 $2.75
CLEAN COAL TECHNOLOGIES, INC. SIGNS ADDITIONAL
MEMORANDUM OF UNDERSTANDING IN INNER-MONGOLIA
http://www.cleancoaltechnologiesinc.com/index.php?option=content&task=view&id=25
http://www.cleancoaltechnologiesinc.com/index.php?option=content&task=view&id=32
CCTC Expectations... for Tuesday June 15th
"The formal approval documents would be issued
"by" mid-June 2010."
Only 1-day until June 15th (mid-month)
The PR will be released one of these days:
Friday June 18th (the last two PR's were June 18, 2008 and 2009)
Thursday June 17th
Wednesday June 16th
Tuesday June 15th ( mid-month, stock due to move above 0.102c on Technicals)
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=1&dy=0&id=p77886838880
Technical Targets, for Tuesday, June 15th.
(Adjusted daily to reflect the changes in the pps)
**Note: New Low made at 0.062c June 11th
My "Targets" are:
1st Swing Target = 0.308c
(0.185c - 0.062c) = 0.123c, (0.123c + 0.185c) = 0.308c
2nd Swing Target = 0.778c
(0.42c - 0.062c) = 0.358c, (0.358c + 0.42c) = 0.778c
Overshoot Swing Target = possible $1.15 (the April 2008 Support)
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=2&cobrand=&mode=stock
Daily Chart:
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p78058708735
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, June 15th.
On Monday June 14th, CCTC is showing signs of life, having broken out above recent support of 0.077c.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=p78058708735
CCTC may have reached bottom Friday June 11th,at 0.062c, 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 0.062c, 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) June 11th ( Possible Impulse Wave ???)
1= 0.08c 2=?
Wave 2(red) February 18th - June 10th Corrective Wave
A=.10c B=.185c C=.062c
Wave 1(red) February 10th - 18th Impulse Wave (6-days)
1=.05c 2=.035c 3=.13c 4=.12c 5=.42c
STOCHASTIC ALERT: Stochastic Oversold Buried
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=stoch&mode=table
TREND ALERT: Long-Term Bullish Breakout
Short-Term Downward Sloping Trading Channel
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
*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 11, the "Price Trend" is moving down, while the "Money Flow Index" is trending UP!
Result: A potential Strong Impulse move to the UPSIDE !
Note that both the Stochastic reading and Money Flow Index lines, are positioning themselves in a manner similar to where they were, just before the February 17th "Impulse Move" UP.
One of the following is likely:
Friday "June 18th" !!! (2-prior PR's were June 18th, '08 and '09)
Thursday June 17th
Wednesday June 16th
Tuesday June 15th
(The BIG move will happen on back-to-back days this week)
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p51770226515
Currently at 0.075c at 3pm, but
MM's will now take it down to 0.069c into the close!
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=1&dy=0&id=p56774665687
The BIG move will happen either on back-to-back days this week
of Tuesday-Wednesday, OR, Thursday-Friday !!
I haven't decided which one yet.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p51770226515
After CCTC hits 0.085c here shortly, the stock will peak and reverse, and retrace all afternoon, to re-test 0.069c.
Tuesday and Wednesday will be the BIG gain days, I believe.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=1&dy=0&id=p51965600876
CCTC will go to 0.085c shortly before 11am, then drop down the rest of the day to re-test.
Tuesday and Wednesday look very good to me!
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p08566128129
Tuesday and Wednesday stand a good chance for back-to-back gainers, to me!
Very good accumulation going on today.
Today looks a lot like February 16th to me, on the following chart.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p08566128129
We can probably cross today off the list, and begin wondering about the rest of the week.
Personally, I'm wondering about the 18th, Friday.
CCTC Expectations... for Monday June 14th
"The formal approval documents would be issued
"by" mid-June 2010."
Only 2-days until June 15th (mid-month)
The PR will be released one of these days:
Friday June 18th (the last two PR's were June 18, 2008 and 2009)
Thursday June 17th
Wednesday June 16th
Tuesday June 15th ( mid-month )
Monday June 14th (stock due to move above 0.102c on Technicals)
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=1&dy=0&id=p77886838880
Looks like a quiet day today from the looks of the low volume at the open.
Will probably trade sideways in a narrow range without any NEWS.
and just why would that happen?
what is your reasoning?
on what basis do you make this claim?
Interesting, that the last two PR's on
Inner-Mongolia were on June 18th....
Wednesday, June 18th 2008 $2.75
CLEAN COAL TECHNOLOGIES, INC. SIGNS ADDITIONAL
MEMORANDUM OF UNDERSTANDING IN INNER-MONGOLIA
Jun 18, 2009 $2.50
Clean Coal Technologies, Inc., (CCTI) Attains Significant Milestones
on Inner Mongolia Project
http://www.cleancoaltechnologiesinc.com/index.php?option=content&task=view&id=25
http://www.cleancoaltechnologiesinc.com/index.php?option=content&task=view&id=32
Futures moving up higher at 5:20am,
Dow now up +121
http://money.cnn.com/data/premarket/index.html
CCTC will benefit !!!
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p00572868478
Expecting a move to a minimum level of 0.102c , just on technicals alone. !!!
That target isn't even factoring in any NEWS that will come out.
Futures indicate strong open !!!!
http://money.cnn.com/data/premarket/index.html
S&P up +11 pts.
Dow up +93 pts
at 4:00am
....and CCTC could benefit.
CCTC has been under the recent support of 0.077c (May 25th) for the last 4-trading sessions, and the stock should move up to re-test that level. http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p00572868478
On re-tests, stocks generally overshoot, so CCTC should move up to over 0.102c today or Tuesday, just on technicals alone. The stock has been in a "Descending Channel Formation" for the last 9-weeks, that is 0.04c wide from the top of the channel to the bottom. Last Fridays low was 0.062c, so a 0.04c move up above that low, makes a move up to 0.102c, likely !!!!
CCTC Expectations... for Monday June 14th
"The formal approval documents would be issued
"by" mid-June 2010."
Only 2-days until June 15th (mid-month)
The PR will be released one of these days:
Friday June 18th (the last two PR's were June 18, 2008 and 2009)
Thursday June 17th
Wednesday June 16th
Tuesday June 15th ( mid-month )
Monday June 14th (stock due to move above 0.102c on Technicals)
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=1&dy=0&id=p77886838880
Weekly Chart:
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=1&mn=0&dy=0&id=p85484368653
5(1) = 0.42c (Feb.18, 2010)High
4 = 0.12c (Feb. 18, 2010)Low
3 = 0.13c (Feb. 17, 2010)
2 = 0.035c (Feb. 12, 2010)
1 = 0.05c (Feb.11, 2010)
A = 0.10c
B = 0.185c
C(2) = 0.062c (June 11, 2010)
Reference Charts:
http://www.optionsoutlet.com/trading_technicals/images/improv25.gif
http://www.optionsoutlet.com/trading_technicals/images/improv32.gif
eeprincipal, I see you're burning the mid-night oil too!
I'm excited about next week, just as you are.
I'm excited about the "opportunity" to sell here soon !!
A reminder of where we are currently:
At the bottom left side of this chart: http://www.optionsoutlet.com/trading_technicals/images/improv25.gif
http://www.optionsoutlet.com/trading_technicals/images/improv32.gif
5(1) = 0.42c (Feb.18, 2010)High
4 = 0.12c (Feb. 18, 2010)Low
3 = 0.13c (Feb. 17, 2010)
2 = 0.035c (Feb. 12, 2010)
1 = 0.05c (Feb.11, 2010)
A = 0.105c
B = 0.185c
C(2) = 0.062c (June 11, 2010)
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p04736405904
Planned Sale, means exactly that, "Planned".
IMO, any "LARGE" sales of stock by insiders will most likely happen after the stock reaches higher levels.
The insiders of CCTC have sold "SMALL" amounts up until now. You can say whatever you want as to the reason for those sales. They may have sold the stock to pay for things like expenses, or for personal needs, etc. The shares may have even been sold to "strategically" have the effect of scaring investors into selling, and causing the stock to fall to a level where the insiders could accumulate more shares at lower prices.
The point I'd like to make here, is that "if" the insiders are "planning" on selling LARGE amounts, it is in their benefit to sell those shares at much higher prices, than where they sell for now. My guess, is that the insiders will begin selling, only "after" the stock reaches $1.00 plus.
ALERT for Monday !!!!!
CCTC has been on the Short-List for 13 consecutive trading days, and BUY-IN is Imminenet.http://www.buyins.net/tools/short_list.php?dys=>12
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p78740149765
On Monday April 19th, the same situation was at hand. CCTC was on the short-list for 13 consecutive days. On that day, CCTC was at 0.13c
and this is what appeared:
BUYINS.NET: CCTC On BUYINS.NET Naked Short List For 13 Consecutive Trading Days.
Apr 19, 2010 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, http://www.buyins.net , announced today that these select companies have been on the NASDAQ, AMEX and NYSE naked short threshold lists for 13 consecutive trading days: Clean Coal Technologies (OTC: CCTC. For a complete list of companies on the naked short lists please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to http://www.buyins.net.
As you can see from the chart,http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p78740149765
the stock dipped the next day to 0.127c on Tuesday, and then on Wednesday, the stock jumped to 0.16c.
This jump was also happening because the stock had fallen below recent support of 0.145c and was under it for 3-trading sessions.
We have the same situation now. CCTC had fallen below recent support of
Technical Targets, for Monday, June 14th.
(Adjusted daily to reflect the changes in the pps)
**Note: New Low made at 0.062c
My "Targets" are:
1st Swing Target = 0.308c
(0.185c - 0.062c) = 0.123c, (0.123c + 0.185c) = 0.308c
2nd Swing Target = 0.778c
(0.42c - 0.062c) = 0.358c, (0.358c + 0.42c) = 0.778c
Overshoot Swing Target = possible $1.15 (the April 2008 Support)
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=2&cobrand=&mode=stock
Daily Chart:
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p78058708735
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 Monday, June 14th.
On Friday June 11th, CCTC made another lower low at 0.062c, having broken "support" of 0.066c.
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=p78058708735
CCTC may have reached bottom Friday June 11th,at 0.062c, 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 0.062c, 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) June 11th ( Possible Impulse Wave ???)
1=?
Wave 2(red) February 18th - June 10th Corrective Wave
A=.10c B=.185c C=.062c
Wave 1(red) February 10th - 18th Impulse Wave (6-days)
1=.05c 2=.035c 3=.13c 4=.12c 5=.42c
STOCHASTIC ALERT: Stochastic Oversold Buried
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=stoch&mode=table
TREND ALERT: Long-Term Bullish Breakout
Short-Term Downward Sloping Trading Channel
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
*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 11, the "Price Trend" is moving down, while the "Money Flow Index" is trending UP!
Result: A potential Strong Impulse move to the UPSIDE !
Note that both the Stochastic reading and Money Flow Index lines, are positioning themselves in a manner similar to where they were, just before the February 17th "Impulse Move" UP.
CCTC Expectations... for Monday June 14th
"The formal approval documents would be issued
"by" mid-June 2010."
Only 2-days until June 15th !!!!!!
Tuesday June 15th********
Monday June 14th ( stock due to move above 0.102c )
Sunday
Saturday
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=1&dy=0&id=p77886838880
A Technical observation...for Monday June 14th
CCTC Daily:
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p62207290505
CCTC has been under "recent support" of 0.077c now for 4-days, and will move above 0.077c which is now "resistance". The bounce will carry the pps to above 0.10c.
CCTC has been trading in a "Declining Channel Formation" that is
0.04c wide, from the lower level of the channel, to the upper level of the channel.
From the High of 0.185c set on April 12th, CCTC moved down to Fridays price low of 0.062c.
Currently, CCTC hit a low yesterday Friday, of .062c, and if the stock were to move up .04c from there, that would mean a target projection of 0.106c for Monday June 14th, a better than 50% gain off of Fridays low.
Note the labeled price tags:
.12c to .16c
.10c to .14c
.07c to .11c
Note also, the "Positive Divergence" between the declining price and the uptrending Money Flow Line, since April 29th. This means that a turn is approaching, and that the price trend is about to reverse. A price rise is "Imminent" !!!!
Why NEWS may NOT be out on Monday, Tuesday.
Consider the fact, that next Friday is June 18th.
Interesting, that the last two PR's on
Inner-Mongolia were on June 18th....
Wednesday, June 18th 2008 $2.75
CLEAN COAL TECHNOLOGIES, INC. SIGNS ADDITIONAL
MEMORANDUM OF UNDERSTANDING IN INNER-MONGOLIA
Jun 18, 2009 $2.50
Clean Coal Technologies, Inc., (CCTI) Attains Significant Milestones
on Inner Mongolia Project
http://www.cleancoaltechnologiesinc.com/index.php?option=content&task=view&id=25
http://www.cleancoaltechnologiesinc.com/index.php?option=content&task=view&id=32
Nothing will be happening today, so
go enjoy the day, and check the stock periodically, throughout the day.
If a PR is to be released, we're probably looking at Monday 14th or Tuesday 15th, unless they pull a fast one and sneak one in during mid-day, to catch the SHORTS by surprise.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p24896162198
RaZ1010, You're right, and
that being a possibility, let's think positive here, and perhaps this PR will be the one we're all looking for, and not the "fluff" PR that we don't want to see.
I do agree though.....
when the pps is under support, we do tend to see a PR released which brings the pps back up above the support, which becomes resistance.
Just another example of how the stock is being managed by MM's, traders and insiders and that technicals are an intrical part of stock movement, and that a person can make money by playing the support/resistance game.
Technical Targets, for Friday, June 11th.
(Adjusted daily to reflect the changes in the pps)
**Note: New Low made at 0.066c
My "Targets" are:
1st Swing Target = 0.304c
(0.185c - 0.066c) = 0.119c, (0.119c + 0.185c) = 0.304c
2nd Swing Target = 0.774c
(0.42c - 0.066c) = 0.354c, (0.354c + 0.42c) = 0.774c
Overshoot Swing Target = possible $1.15 (the April 2008 Support)
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=2&cobrand=&mode=stock
Daily Chart:
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p78058708735
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 Friday, June 11th.
On Thursday June 10th, CCTC made another lowere low at 0.066c.
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=p78058708735
CCTC may have reached bottom Thursday June 10th,at 0.066c, 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 0.066c, 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) June 10th ( Possible Impulse Wave ???)
1=?
Wave 2(red) February 18th - June 10th Corrective Wave
a=.10c b=.185c c=.066c
Wave 1(red) February 10th - 18th Impulse Wave (6-days)
1=.05c 2=.035c 3=.13c 4=.12c 5=.42c
STOCHASTIC ALERT: Stochastic Oversold Buried
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=stoch&mode=table
TREND ALERT: Long-Term Bullish Breakout
Short-Term Downward Sloping Trading Channel
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
*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 10, the "Price Trend" is moving down, while the "Money Flow Index" is trending UP!
Result: A potential Strong Impulse move to the UPSIDE !
Note that both the Stochastic reading and Money Flow Index lines, are positioning themselves in a manner similar to where they were, just before the February 17th "Impulse Move" UP.
A Technical observation...
CCTC Daily:
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p62207290505
CCTC has been under "recent support" of 0.077c now for 3-days, and is due for a bounce. The bounce will carry the pps to above 0.077c support, which has now become resistance.
Currently, CCTC hit a low yesterday of .066c, and if the stock were to move up .04c from here, that would mean a target projection of 0.106c for today, a better than 50% gain off of the low.
From the High of 0.185c set on April 12th, down to the present price low of 0.066c set yesterday Thursday June 10th,
CCTC has been trading in a "Declining Channel Formation" that is
0.04c wide, from the lower level of the channel, to the upper level of the channel.
Note the labeled price tags:
.12c to .16c
.10c to .14c
.07c to .11c
Note also, the "Positive Divergence" between the declining price and the uptrending Money Flow Line, since April 29th. This means that a turn is approaching, and that the price trend is about to reverse. A price rise is "Imminent" !!!!
CCTC Expectations:
"The formal approval documents would be issued
......"by" mid-June 2010."
Only 3-days until June 15th !!!!!!
Tuesday June 15th********
Monday June 14th
Sunday
Saturday
Friday June 11th ( split decision 50/50; could be another sideways day in a narrow range with lite volume, or, the stock could pop-up )
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=1&dy=0&id=p77886838880
stevesc, did you sell the other one today?
It had a nice climb, and I thought about you being able to sell into the strength today.
"BUY on weakness, SELL on strength" !!!!
Thanks for your thoughts everyone,
and thank you for the conversations today.
It's always great to talk with each of you.
CCTC Expectations:
"The formal approval documents would be issued
......"by" mid-June 2010."
Only 3-days until June 15th !!!!!!
Tuesday June 15th********
Monday June 14th
Sunday
Saturday
Friday June 11th ( split decision 50/50; could be another sideways day in a narrow range, or, the stock could pop-up )
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=1&dy=0&id=p77886838880
I'm interested in hearing everones thoughts
about what would be an outcome for the stock, if a deal was struck over the weekend, to buy the company.
What price would be reasonable?
How would the price be determined?
Just throwing that out as a possibility.
Everyone stay focused!!
Remember, the CEO is at a Conference.
Is he waisting his time being there? I think not.
Is anyone there at the Conference, just there to get a meal, and entertainment? I think not.
The stock is slow moving today, it was slow moving yesterday, and it could be slow moving tomorrow too. But, deals can happen on weekends. Pr's can be written on weekends.
From listening to a lot of the smart people on this board, I am of the opinion that this is real and news will be out soon. So don't panic here. Leave the panic for the SHORTS, who are busy panicing in a BIG way, cause they're about to lose all the profits they've made as the stock has been declining, cause the stock is about to move up so high, so fast, that the SHORTS will be shaking with fear.
jbbrocky, here's something else to think about,
that's a positive.
We all know that two insiders sold shares. That's no secret.
And, you can look at it this way. It had a desired effect.
It scared the heck out of a lot of board members, and they sold and left.
Ask yourself this. Why didn't the insiders sell all their shares at the higher prices?
The answer is simple. They know the stock will go up, once the NEWS is released, to very high levels. It is not in their best interest to sell all their millions of shares at low prices.
They know that the little bit that they did sell, had the effect they wanted, "It drove the weak holders to the exit doors."
StocksJr, Exactly !!
People have a choice right now.
They can either pay Wal-Mart prices now for CCTC,
or, they can wait for the NEWS to come out,
and chase the stock as it surges up,
and have a tough time getting the price they want to pay,
at MACY'S prices.
The volume is lite today, as it was yesterday, because the SMART holders aren't selling. The little guy who is scared, is selling today.
SMART little guys, are the ones doing the buying today.
Traders are also in the picture. They are dumping shares to drive the price down, to scare the little guy into selling.
The stock will surge upward, because the NEWS will come out, and the SHORTS, who are trying to COVER their positions before the news comes out, are going to have to chase the stock as it climbs, and that will add to the reason the stock climbs even higher. The SHORTS are not able to COVER their SHORT positions here, because not enough shares are being dumped. They are going to be SQUEEZED in a very BIG way, when the NEWS comes out.
I own shares, and I'm waiting to sell them.
I'm not promoting the stock.
If I sound like I am, it's because I choose to remain confident in the stock, and won't allow negative thinking to cloud my view.
I've been clear about my being a holder many times over the last several months.