I can lead a horse to water, but I can't make him drink !
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Technical Targets, for Wednesday, June 9th.
My "Targets" are:
1st Swing Target = 0.298c
(0.185c - 0.072c) = 0.113c, (0.113c + 0.185c) = 0.298c
2nd Swing Target = 0.768c
(0.42c - 0.072c) = 0.348c, (0.348c + 0.42c) = 0.768c
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=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%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=25&y=9
Weekly chart:
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=3&mn=0&dy=0&id=p46659242521
Technical Update, for Wednesday, June 9th.
On Tuesday June 8th, CCTC could not hold support at 0.075c. A New Low was made at 0.072c.
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://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p78058708735
CCTC may have reached bottom Tuesday June 8th,at 0.072c, 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 0.072c, 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 8th ( Possible Impulse Wave ???)
1=?
Wave 2(red) February 18th - June 8th Corrective Wave
a=.10c b=.185c c=.0720c
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:
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=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%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=25&y=9
*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 8, the "Price Trend is moving down, while the "Money Flow Index" is moving 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.
http://www.drpennystock.com/
CCTC – It’s trading sideways supported by the PAR SAR, possible bounce soon, hold.
Review of the S&P 500
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p77486623915
on this correction. ,
the entire correction from the SPX 1220 April high should be a five Minor wave sequence to the downside, and we still appear to be in the first Minor wave.
Upon completion of the five waves down we should complete the correction of this bull market.
The low should likely occur at one of two ranges, 1007 to 1018 , or 924 to 944 .
This low ( June or July), should also coincide with the regular 4-year presidential cycle low.
ShadowSpy69, Nice find !!!!
Absolutely right !
MACD, did crossover.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=1&dy=0&id=p18512481766
slyguy, I'm not sure what you mean.
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 $2.50
Clean Coal Technologies, Inc., (CCTI) Attains Significant Milestones
on Inner Mongolia Project
May 26, 2010 0.114c
Clean Coal Technologies Receives Exciting Update on Inner Mongolia
Provincial Government Determines That CCTI Technology Meets All Criteria for Final Approval (approval documents would be issued by mid-June 2010.)
http://www.cleancoaltechnologiesinc.com/index.php?option=content&task=view&id=25
http://www.cleancoaltechnologiesinc.com/index.php?option=content&task=view&id=32
http://www.marketwire.com/mw/rel_us_print.jsp?id=1266567
This mornings Futures, strong at 3 am
SPX, up +11.70
Nasdaq,up +15.50
Dow, up +86.00
http://money.cnn.com/data/premarket/index.html
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p49016993475
A lift in the Major Market Averages, could help CCTC this morning.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p72901768492
Technical Targets, for Tuesday, June 8th.
My "Targets" are:
1st Swing Target = 0.293c
(0.185c - 0.077c) = 0.108c, (0.108c + 0.185c) = 0.293c
2nd Swing Target = 0.763c
(0.42c - 0.077c) = 0.343c, (0.343c + 0.42c) = 0.763c
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=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%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=25&y=9
Weekly chart:
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=3&mn=0&dy=0&id=p84000224620
Technical Update, for Tuesday, June 8th.
On Monday June 7th, CCTC again held strong at 0.08c, which was again very good, considering the sell-off in the major markets.
The support level of 0.075c has held. The resistance level of 0.11c continues to be the "key" to the upside potential. If the stock can get above 0.11c, 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://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p78058708735
CCTC may have reached bottom Tuesday May 25th, 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 0.077c, 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) May 25th ( Possible Impulse Wave ???)
1= 0.114c 2=0.080c 3=?
Wave 2(red) February 18th - May 25th Corrective Wave
a=.10c b=.185c c=.0770c
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:
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=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%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=25&y=9
*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 May 25, the "Price Trend is moving down, while the "Money Flow Index" is moving 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.
I received this e-mail tonight...
does anyone think it could be CCTC?
Good Evening Trader!
Beacon members saw gains of almost 50% the last time we alerted this alternative energy stock, but that could be small change – very small change – compared to what it could do for you tomorrow!
The News that just came to our attention – literally announced tonight – could cause an uproar on the street tomorrow as traders digest the impact of this company's scientific breakthrough!
And part of the excitement revolves around the fact that this unbelievable energy breakthrough could be put into widespread commercial use by next year!
At 9:00 AM EDT, I will send you my full write-up. Better yet, go to my Power Link: http://beaconequity.com/dailyalert/
Don't be late!
Beacon Equity Group
Technical Targets, for Monday, June 7th.
My "Targets" are:
1st Swing Target = 0.293c
(0.185c - 0.077c) = 0.108c, (0.108c + 0.185c) = 0.293c
2nd Swing Target = 0.763c
(0.42c - 0.077c) = 0.343c, (0.343c + 0.42c) = 0.763c
Overshoot Swing Target = possible $1.15 (the April 2008 Support)
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=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%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=25&y=9
Weekly chart:
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=3&mn=0&dy=0&id=p84000224620
Technical Update, for Monday, June 7th.
On Friday June 4th, CCTC held strong at 0.08c, which was very good considering the sell-off in the major markets.
The support level of 0.075c has held. The resistance level of 0.11c is "key" to the upside potential. If the stock can get above 0.11c, there is no resistance until 0.27c, and once that is penetrated, the stock can then move up fast, to over $1.00.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p78058708735
CCTC may have reached bottom Tuesday May 25th, 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 0.077c, 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) May 25th Impulse Wave ???
1= 0.114c 2=0.080c 3=?
Wave 2(red) February 18th - May 25th Corrective Wave
a=.10c b=.185c c=.0770c
Wave 1(red) February 10th - 18th Impulse Wave (6-days)
1=.05c 2=.035c 3=.13c 4=.12c 5=.42c
STOCHASTIC: Oversold Buried
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=stoch&mode=table
TREND ALERT:
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=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%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=25&y=9
*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 May 25, the "Price Trend is moving down, while the "Money Flow Index" is moving 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.
Thanks tipota.
Thanks Drax Tracks.
Recap of NEWS on Inner Mongolia over 3 Yrs.
and the price of the stock at the time of the NEWS.
As the company gets closer to the Good News on the "Deal", the stocks price goes lower, but the turn in the stock trend happened in February, with the price hitting the bottom at 0.034c. That's when the stock was perceived as undervalued, and since then has moved up off that bottom to form the 1st of 5-legs up, .034c to 0.42c, a 10-fold move.
The next leg up will be even BIGGER !!!!
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=3&mn=0&dy=0&id=p35202385919
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
May 26, 2010 0.114c
Clean Coal Technologies Receives Exciting Update on Inner Mongolia
Provincial Government Determines That CCTI Technology Meets All Criteria for Final Approval (approval documents would be issued by mid-June 2010.)
http://www.cleancoaltechnologiesinc.com/index.php?option=content&task=view&id=25
http://www.cleancoaltechnologiesinc.com/index.php?option=content&task=view&id=32
http://www.marketwire.com/mw/rel_us_print.jsp?id=1266567
I have seen stocks move up sharply without NEWS, on technicals alone, just because of them being oversold and undervalued.
Then, the NEWS comes out, after the move up, in support of the move up.
Then people will say, "Oh, that's why the stock moved up", it was undervalued, and oversold.
It can sometimes be explained, on nothing more than supply and demand.
Right now, "Coal" is in vogue.
But, without any hard evidence to back-up the companys plans, and no revenue stream, there is no reason for some to take the risk on the stock right now.
Currently, however, the Money Flow is saying differently. It is saying that the stock is being accumulated. The smart people are BUYING. When the supply of stock runs low, and the demand becomes strong, the stock will move up strong.
CCTC has been moving side-ways for 3-months now, eating away at all the huge supply of stock that was bought in February, and has been distributed to buyers ( the smart buyers), at lower prices for these past 3-months.
The supply is drying up.
Demand for the stock will soon out-strip the supply, and the stock will surge.
Arnold25764: I'll let the
board members who know more about the Technology part answer that, but, in my opinion, the actual "revenue and contract", is what will be the "Catalyst".
The stock needs a "NO Fluff" PR.
The "Big Picture" !!!
For all the "Positive" thinking holders ONLY !!!
((((((( All "Bashers" can ignore this post.))))))))))))))
After CCTC goes above 0.42c and 0.76c, $1.15 and higher is next level, before resistance gets difficult for the stock.
See the Support/Resistance chart on the left here:
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=569&cobrand=&mode=stock
See the chart below:
$1.15 Support in April 2008, becomes Resistance.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=3&mn=0&dy=0&id=p38306581318
It's possible that some holders will be able to sell their shares for $1.15, on the next "impulse move up".
stevesc: You're right !
...and this is frustrating also, because this is all being manipulated, in a very organized and controlled manner.
It's a waiting game. It's been in play for 3 months now, and money has been made for those who have been willing to take their profits from buying at the bottom of this channel and selling at the top of the channel.
On the other side, there are those of us, me included, who have been willing to wait for an "Impulse Move" above the channel, for fear of missing it by trading within the channel. As I have said several times, the time that one can be confident in selling, is when there is news. Sell on the News, is a very reliable way to lock in profits, and it has happened several times in the last 3 months with all the PR's the CEO has released. They have all been fluff though. The BIG PR is the only one that will breakout above the channel, and it will have BIG volume associated with it. And rather than the 50% or 80% profit that most players have been willing to take recently, the percentages will be much higher ranges.
Thanks jbbrocky:
I'm very excited about next week as well !
Things are starting to take shape nicely.
Always glad to be a "positive influence".
"Accentuate the positive, and eliminate the negative!"
Always a good recipe for success !!!!
Thanks stevesc:
You're so right.
There is way too much negativity on this board.
I blame the bashers.
They are trying very hard to get holders to dump their shares.
I'm here, to keep the positive information flowing.
I hate to see holders get knocked out by these bashers.
There is nothing worse than selling your stock, and then having to watch it go straight up, after you've sold.
It has happened to all of us, me included.
CCTC holders need to know that the stock is well positioned for a HUGE move up. I don't know when it will happen, but the chart is indicating that a up move is immminent.
I'm very excited about next weeks prospects for the move up.
The "positive divergence" betwEen the price and all the indicators ( MACD, RSI, MONEY FLOW INDEX, STOCHASTICS ), is just too strong to ignore, and I'm making it my duty to inform those of us on this board about this information, so that the bashers don't poison the minds of those of us that are easily prone to listen to negative comments.
Bullish Indications for CCTC......
Accumulation Indications
The Money Flow oscillator generates bullish signals by indicating that a security is under accumulation. There are three factors that determine if a security is under accumulation. They also determine the strength of the accumulation.
The first and most obvious factor is whether the Money Flow value is greater than zero? It is an indication of buying pressure and accumulation when the indicator is positive.
The second factor is the duration of the reading, how long the oscillator has been positive. The longer the oscillator remains above zero, the more evidence there is that the security is under sustained accumulation. Extended periods of accumulation or buying pressure are bullish, and they indicate that sentiment towards the security remains positive.
The third factor is the intensity of the oscillator. Not only should the oscillator remain above zero, but it should also be able to increase and attain a certain level. The more positive the reading is, the more evidence of buying pressure and accumulation. This is usually a judgment call, based on prior levels for the oscillator, but a move above .10 would be significant enough to warrant a bullish signal. A reading above .25 would be an indication of strong buying pressure. You should consider prior levels of the indicator to be sure.
See the examples below, and compare them to the chart of CCTC.
http://stockcharts.com/school/data/media/chart_school/technical_indicators_and_overlays/chaikin_money_flow_cmf/sc.png
http://stockcharts.com/school/data/media/chart_school/technical_indicators_and_overlays/chaikin_money_flow_cmf/cmf-aa-bull.png
http://stockcharts.com/school/data/media/chart_school/technical_indicators_and_overlays/chaikin_money_flow_cmf/cmf-aa-bull.png
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p41594408859
Weekend Review for CCTC.....
Regarding "Positive Divergence":
CCTC formed a "decline" from January 20th at 0.18c to a low of 0.034c on February 10th, while the Money Flow was trending up from a very bearish -14 to a bullish +20, and formed a rather large "positive divergence".
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p41594408859
This "divergence" was not a signal, but would have served as an "alert" that "the selling pressure was decreasing".
Divergences can be difficult to act on and should be used in conjunction with other aspects of technical analysis.
By the time the stock broke resistance on February 17th, at 0.05c, the Money Flow had moved from a bullish level of +40 to a very bullish level just above +80.
The interesting point about CCTC, is the period from April 29th to May 25th. During this period, the stock declined, but the Money Flow continued to strengthen as buying pressure intensified. The oscillator moved from +20 on April 29th to +55 on May 26th. Buying pressure has doubled. This was a clearly bullish indication and the stock will soon be obliged to advance.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p82606300154
A "Very Strong Advance" is Imminent !!!!
Whenever the price is declining, and the Money Flow is rising, a reversal in the price trend will soon happen. The longer the amount of time it takes to happen, the bigger the climb in the price.
The S&P 500 will start to reverse here soon,
and recover much of what it lost today,
and CCTC should benefit from the climb,
and see an advance to perhaps 0.09c , or more.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p39517643346
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p75237477638
SKIPPERANDGILLIGAN: that's why I
said, "we could end the day up, or flat".
BTW, "Gilligan's Island" was my favorite show when I was growing up.
Yours too, I would imagine.
If CCTC holds here at 0.08c, we
...should see it do very well next week, on Monday, Tuesday and Wednesday.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p19197806453
The S&P 500 drop, should only be a
...temporary "Shake-Out", and it should recover by the end of the day, ending down, only marginally.
CCTC should hold here at 0.08c, and possibly end the day up or flat. It's under accumulation !
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p26541050538
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p66463527749
sydog13: Good Morning
Technical Update, for Friday, June 4th.
The support level of 0.075c has held. The resistance level of 0.11c is "key" to the upside potential. If the stock can get above 0.11c, there is no resistance until 0.27c, and once that is penetrated, the stock can then move up fast, to over $1.00.
CCTC may have reached bottom Tuesday May 25th, 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 0.077c, 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) May 25th Impulse Wave ???
1= 0.114c 2=0.080c
Wave 2(red) February 18th - May 25th Corrective Wave
a=.10c b=.185c c=.0770c
Wave 1(red) February 10th - 18th Impulse Wave (6-days)
1=.05c 2=.035c 3=.13c 4=.12c 5=.42c
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p88501038499
STOCHASTIC:
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=stoch&mode=table
TREND ALERT: 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=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%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=25&y=9
*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 May 25, the "Price Trend is moving down, while the "Money Flow Index" is moving 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.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p03898150105
jbbrocky: Targets
Technical Targets, for Friday, June 4th.
My "Targets" are:
1st Swing Target = 0.293c
(0.185c - 0.077c) = 0.108c, (0.108c + 0.185c) = 0.293c
2nd Swing Target = 0.763c
(0.42c - 0.077c) = 0.343c, (0.343c + 0.42c) = 0.763c
Overshoot Swing Target = possible $1.15 (the April 2008 Support)
Daily Chart:
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p03898150105
http://barchart.com/chart.php?sym=CCTC&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%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=25&y=9
Weekly chart:
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=1&mn=0&dy=0&id=p98598697247
stevesc: Targets
Technical Targets, for Friday, June 4th.
My "Targets" are:
1st Swing Target = 0.293c
(0.185c - 0.077c) = 0.108c, (0.108c + 0.185c) = 0.293c
2nd Swing Target = 0.763c
(0.42c - 0.077c) = 0.343c, (0.343c + 0.42c) = 0.763c
Overshoot Swing Target = possible $1.15 (the April 2008 Support)
Daily Chart:
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p03898150105
http://barchart.com/chart.php?sym=CCTC&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%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=25&y=9
Weekly chart:
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=1&mn=0&dy=0&id=p98598697247
jbbrocky: Good Morning !
Technical Update, for Friday, June 4th.
The support level of 0.075c has held. The resistance level of 0.11c is "key" to the upside potential. If the stock can get above 0.11c, there is no resistance until 0.27c, and once that is penetrated, the stock can then move up fast, to over $1.00.
CCTC may have reached bottom Tuesday May 25th, 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 0.077c, 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) May 25th Impulse Wave ???
1= 0.114c 2=0.080c
Wave 2(red) February 18th - May 25th Corrective Wave
a=.10c b=.185c c=.0770c
Wave 1(red) February 10th - 18th Impulse Wave (6-days)
1=.05c 2=.035c 3=.13c 4=.12c 5=.42c
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p88501038499
STOCHASTIC:
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=stoch&mode=table
TREND ALERT: 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=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%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=25&y=9
*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 May 25, the "Price Trend is moving down, while the "Money Flow Index" is moving 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.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p03898150105
stevesc: Good Morning!
Technical Update, for Friday, June 4th.
The support level of 0.075c has held. The resistance level of 0.11c is "key" to the upside potential. If the stock can get above 0.11c, there is no resistance until 0.27c, and once that is penetrated, the stock can then move up fast, to over $1.00.
CCTC may have reached bottom Tuesday May 25th, 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 0.077c, 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) May 25th Impulse Wave ???
1= 0.114c 2=0.080c
Wave 2(red) February 18th - May 25th Corrective Wave
a=.10c b=.185c c=.0770c
Wave 1(red) February 10th - 18th Impulse Wave (6-days)
1=.05c 2=.035c 3=.13c 4=.12c 5=.42c
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p88501038499
STOCHASTIC:
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=stoch&mode=table
TREND ALERT: 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=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%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=25&y=9
*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 May 25, the "Price Trend is moving down, while the "Money Flow Index" is moving 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.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p03898150105
I'd like to see CCTC get above
0.098c, and close there today.
That would be VERY GOOD !!!!
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p62839548496
longandhard: Thanks.
Me too.
I'm encouraged by the fact that 0.077c has held.
I'm watching the S&P 500 very closely here.
It bottomed on February 5th. CCTC bottomed on February 10th.
The S&P 500 most recently bottomed on May 25th. CCTC bottomed on May 25th as well, at 0.077c.
Both CCTC and the S&P 500, have been trending alike, since they made their bottoms, with CCTC lagging behind by one day.
With yesterdays strong advance in the S&P 500, CCTC may get a lift today.
The S&P 500 seems to be forming a "counter-trend rally" here.
If the S&P 500 were to advance from the current 1098.38 to 1130 and above, then it should bode well for CCTC, and a possible strong "Impulse-move up".
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p90459018336
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p62839548496
The chart for CCTC.
The stock formed a "decline" from January 20th at 0.18c to a low of 0.034c on February 10th, while the Money Flow was trending up from a very bearish -14 to a bullish +20, and formed a rather large "positive divergence".
This "divergence" was not a signal, but would have served as an "alert" that "the selling pressure was decreasing".
Divergences can be difficult to act on and should be used in conjunction with other aspects of technical analysis.
By the time the stock broke resistance on February 17th, at 0.05c, the Money Flow had moved from a bullish level of +40 to a very bullish level just above +80.
The interesting point about CCTC is the period from April 29th to May 25th. During this period, the stock declined, but the Money Flow continued to strengthen as buying pressure intensified. The oscillator moved from +20 on April 29th to +55 on May 26th. Buying pressure has doubled. This was a clearly bullish indication and the stock will soon be obliged to advance.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p30798106042
Positive and negative divergences between the stock and the MFI can be used as buy and sell signals respectively, for they often indicate the imminent reversal of a trend.
If the stock price is falling, but positive money flow tends to be greater than negative money flow, then there is more volume associated with daily price rises than with the price drops. This suggests a weak downtrend that threatens to reverse as money flowing into the security is "stronger" than money flowing out of it.
Overbought/Oversold
As with the RSI, the MFI can be used to determine if there is too much or too little volume associated with a security. A stock is considered "overbought" if the MFI indicator reaches 80 and above (a bearish reading). On the other end of the spectrum, a bullish reading of 20 and below suggests a stock is "oversold".
CCTC- The stocks price has been falling, but the Money Flow has been rising, and suggests a weak downtrend.....money flowing into CCTC is "stronger" than money flowing out.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p22366710858
eeprincipal: Thanks!
I appreciate your post.
Will do my best.
sydog13: Thanks a lot!
Always glad to contribute.
Explaining Money Flow......
Accumulation Indications
The Money Flow oscillator generates bullish signals by indicating that a security is under accumulation. There are three factors that determine if a security is under accumulation. They also determine the strength of the accumulation.
The first and most obvious factor is whether the Money Flow value is greater than zero? It is an indication of buying pressure and accumulation when the indicator is positive.
The second factor is the duration of the reading, how long the oscillator has been positive. The longer the oscillator remains above zero, the more evidence there is that the security is under sustained accumulation. Extended periods of accumulation or buying pressure are bullish, and they indicate that sentiment towards the security remains positive.
The third factor is the intensity of the oscillator. Not only should the oscillator remain above zero, but it should also be able to increase and attain a certain level. The more positive the reading is, the more evidence of buying pressure and accumulation. This is usually a judgment call, based on prior levels for the oscillator, but a move above .10 would be significant enough to warrant a bullish signal. A reading above .25 would be an indication of strong buying pressure. You should consider prior levels of the indicator to be sure.
Example:
http://stockcharts.com/help/data/media/chart_school/technical_indicators_and_overlays/chaikin_money_flow_cmf/sc.png
The stock formed a Double Bottom in August and September while Money Flow formed a rather large "positive divergence". This divergence was not a signal, but would have served as an alert that the selling pressure was decreasing.
CCTC: Selling pressure is decreasing !!! "Positive Divergence".
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p03196946874