I can lead a horse to water, but I can't make him drink !
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All Stock Futures UP (((((BIG))))) !
http://money.cnn.com/data/premarket/index.html
5:00 am NEWS
First resistance is ......
.185c, then .27c, which I believe, will be reached on the breakout above .185c.
Notice the Stochastic line. It has moved up above the 20% level.
This was done twice previously in the last 3-months. Once on
March 24th, and the other on February 17th.
With the release of the Fortune Magazine article today, Monday May 10th, the positive momentum should carry the stock up higher and a breakout "Gap-UP" to .27c is possible.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p81247470840
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=569&cobrand=&mode=stock
My First "Swing Target" is....
.264c
Calculation:
.185c - .106c = .079c,
then,
.185c + .079c = .264c ( possible "Gap-Up Target for open )
Second Swing Target:
Calculation:
.42c - .10c = .32c,
then,
.42c + .32c = .74c ( minimum, with possible extension overshoot
of $1.20 Target )
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p59702056428
Could this be CCTC ?
Private investors are showering this company with money
Tomorrow's Alert was Handed a Check for $10 MILLION Dollars!
Good Morning Trader!
If you don't think traders aren't taking note of this windfall of cash thrown in this company's lap – think again!
And what's amazing is: This company hasn't invented anything new, it hasn't 'found gold' – it's just doing what it's always been doing!
But, there really is more to the story. And its chart speaks volumes.
I’ll tell you the whole story, and show you its chart – and why it could be an excellent trade opportunity for you tomorrow, at exactly 9:30AM EDT.
Click my “Power Link” just before the opening bell: http://beaconequity.com/dailyalert/
See you then!
John Baskin, CMT
Chief Market Analyst
Beacon Equity Group
My First "Swing Target" is....
.264c
Calculation:
.185c - .106c = .079c,
then,
.185c + .079c = .264c ( possible "Gap-Up Target for open )
Second Swing Target:
Calculation:
.42c - .10c = .32c,
then,
.42c + .32c = .74c ( minimum, with possible extension overshoot
of $1.20 Target )
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p59702056428
Marketscmarket: Thanks a lot !!
More Elliott Wave explained for CCTC,
Wave (1) was .034c up to .42c
Wave (2) was .42c down to .106c
Wave (3) either already in ( minor wave 1,2 of Wave(3), or about to enter.
http://www.optionsoutlet.com/trading_technicals/images/improv25.gif
In wave (1) .034c up to .42c
there are a limited number of people believing that the underestimated value of stocks is worth buying; a long-term belief in survival. In about half of the cases, wave (1) is still part of the bottoming pattern of the previous downtrend. As a result, wave (2) will redraw most of wave (1). A lot of investors look at wave (1) as a correction in the downtrend in order to profit from getting a higher price to close positions. They believe the trend will continue farther down. In the other half of the cases, there is a strong belief that the trend will turn up again, in which case wave (2) will usually only make a small correction.
Wave (2) .42c down to .106c
is a test of the low point of wave (1). There are not yet any visible fundamental changes. With the start of correction
wave (2), believers in an additional downtrend will get confirmation. As a result, and often out of pure panic, call options will drop fast in price. Selling pressure drops with lower volume and lower volatility. Wave (2) never goes below the start of wave (1).
Wave (3) .106c up to "Swing Target" of .74c minimum, maybe $1.20,
is strong up-move based on good economical prospects; never the shortest wave. On its way up, wave (3) will find the resistance of the wave (1) top. This may take some time, but once it is broken, more investors will step in, believing that the trend is really up again. Wave (3) is usually strong because it is supported by big masses. The trend is clear, and there is positive news. Wave (3) makes the biggest move and has intermediate extensions. Almost all stocks take part in this move.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p67611159891
http://www.stockta.com/cgi-bin/analysis.pl?symb=cctc&table=stoch&mode=table
Elliott Wave Theory applied to CCTC,
and AGEN for comparison.
http://www.optionsoutlet.com/trading_technicals/images/improv25.gif
Stochastic Alert !!!!
Stochastic Oversold Reversal !!!
http://www.stockta.com/cgi-bin/analysis.pl?symb=cctc&table=stoch&mode=table
Compare CCTC with AGEN.
http://www.stockta.com/cgi-bin/analysis.pl?symb=agen&table=stoch&mode=table
CCTC will go up just like AGEN.
Both stocks were forming "Bullish Flag formations"
Both stocks formed "Flags" that were 12 week channels.
Both stocks formed there WAVE (1) "Flag Pole", "Impulse Waves".
and then formed the A,B,C corrective phase patterns in WAVE (2)
which was 12 weeks duration.
AGEN went up to its "Swing Target" of $1.70, WAVE(3)$1.72 actual.
CCTC will go up to its "Swing Target" of .74c WAVE(3) this coming
week May 10th to May 15th.
http://stockcharts.com/h-sc/ui?s=AGEN&p=D&yr=0&mn=6&dy=0&id=p03522656069
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p41505701810
Stochastic Alert !!!!
Stochastic Oversold Reversal !!!
http://www.stockta.com/cgi-bin/analysis.pl?symb=cctc&table=stoch&mode=table
Compare CCTC with AGEN.
http://www.stockta.com/cgi-bin/analysis.pl?symb=agen&table=stoch&mode=table
CCTC will go up just like AGEN.
Both stocks were forming "Bullish Flag formations"
Both stocks formed "Flags" that were 12 week channels.
Both stocks formed there WAVE (1) "Flag Pole", "Impulse Waves".
and then formed the A,B,C corrective phase patterns in WAVE (2)
which was 12 weeks duration.
AGEN went up to its "Swing Target" of $1.70, WAVE(3)$1.72 actual.
CCTC will go up to its "Swing Target" of .74c WAVE(3) this coming
week May 10th to May 15th.
http://stockcharts.com/h-sc/ui?s=AGEN&p=D&yr=0&mn=6&dy=0&id=p03522656069
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p41505701810
Resistance for CCTC would be....
$1.15, when it breaks thru .42c, .74c and $1.06
$1.20 is possible, when it breaks thru $1.15 resistance from
its $1.15 SUPPORT, in April 2008.
Support levels become Resistance levels when a stock is trending up.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=3&mn=0&dy=0&id=p04427790658
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=14&cobrand=&mode=stock
Support/Resistance
Support and resistance represent key junctures where the forces of supply and demand meet.
Support is the price level at which demand is thought to be strong enough to prevent the price from declining further. The logic dictates that as the price declines towards support and gets cheaper, buyers become more inclined to buy and sellers become less inclined to sell. By the time the price reaches the support level, it is believed that demand will overcome supply and prevent the price from falling below support.
One of the most-common and best-known trading strategies is this: "Buy under the support level, and sell above the resistance level."
http://www.optionsoutlet.com/trading_technicals/images/improv25.gif
Resistance for CCTC would be....
$1.15, when it breaks thru .42c, .74c and $1.06
$1.20 is possible, when it breaks thru $1.15 resistance from
its $1.15 SUPPORT, in April 2008.
Support levels become Resistance levels when a stock is trending up.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=3&mn=0&dy=0&id=p04427790658
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=14&cobrand=&mode=stock
Support/Resistance
Support and resistance represent key junctures where the forces of supply and demand meet.
Support is the price level at which demand is thought to be strong enough to prevent the price from declining further. The logic dictates that as the price declines towards support and gets cheaper, buyers become more inclined to buy and sellers become less inclined to sell. By the time the price reaches the support level, it is believed that demand will overcome supply and prevent the price from falling below support.
One of the most-common and best-known trading strategies is this: "Buy under the support level, and sell above the resistance level."
Yes I do !
CCTC, AGEN and AEZS are similar in their patterns, in that all 3
were in "Bullish Flag Formations" and were in tight channels for about 12 - weeks.
AGEN is going to go above its $1.72 high set on April 13th.
Since hitting that high, it has fallen back 50% (.86c).
( $1.72 - .86c = .86c ) . The stock made a low yesterday of .91c
The correction down from $1.72 is an A,B,C pattern.
A=$1.04, B=$1.33, and C=.91c
The stock should start to move up soon.
http://www.optionsoutlet.com/trading_technicals/images/improv25.gif
Wave (1) is .60c to $1.20
Wave (2) is $1.20 down to .70c, an A,B,C correction.
Wave (3) is .70c up to $1.72
Wave (4) is $1.72 down to .91c, an A,B,C correction.
Wave (5) is about to begin IMO, .91c up to above $1.72
http://www.stockta.com/cgi-bin/analysis.pl?symb=AGEN&mode=table&table=stoch&num1=3
http://www.stockta.com/cgi-bin/analysis.pl?symb=AGEN&mode=table&table=trend&num1=3
http://stockcharts.com/h-sc/ui?s=AGEN&p=D&yr=0&mn=6&dy=0&id=p03522656069
CCTC Stochastic is Very Bullish, as was
AGEN on April 7th.
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=p41463004420
AGEN is ready for "lift-off", by the way !!!
It has fallen 50% from the high of $1.72 set on April 13th.
I BUY stocks on 50% pull-backs.
AEZS fell back nearly 50% from its high of $1.82 set on
April 15th to $1.06, and that was the time to buy.
http://stockcharts.com/h-sc/ui?s=AEZS&p=D&yr=0&mn=6&dy=0&id=p00045759330
Current BULLISH readings !!
MACD Long-Term Very Bullish
Trend Long-Term Bullish
Stochastic Very Bullish
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=569&cobrand=&mode=stock
Stochastic Alert !!!!
Stochastic Oversold Reversal !!!
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&mode=table&table=stoch&num1=12
Compare CCTC with AGEN.
CCTC will go up just like AGEN.
http://www.stockta.com/cgi-bin/analysis.pl?symb=agen&table=stoch&mode=table
First resistance is ......
.185c, then .27c, wich I believe will be reach on the breakout above .185c.
Notice the Stochastic line. It has moved up above the 20% level.
This was don twice previously in the last 3-months. Once on
March 24th, and the other on February 17th.
With the release of the Fortune Magazine article on Monday May 10th, the positive momentum should carry the stock up higher and a breakout "Gap-UP" to .27c is possible.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p81247470840
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=569&cobrand=&mode=stock
Thanks a lot cooky !
Why CCTC is a "Bull Flag Pattern",
Two charts for you to compare:
First, AGEN 6-month-weekly.
http://stockcharts.com/h-sc/ui?s=AGEN&p=W&yr=0&mn=6&dy=0&id=p21074794522
Notice the RSI, MACD, and Stochastic.
Notice the Flag Pole , .60c up to $1.20 the week of January 11th.
The "a,b,c" correction was .71c, .85c, .70c.
The "Swing" was $1.20 - .70c = .50c, .50c + $1.20 = $1.70 target.
Actual high, turned out to be #1.72
Now for CCTC, 6-month-weekly.
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=0&mn=6&dy=0&id=p46002046130
Notice the RSI, MACD, and the Stochastic.
Notice the Flag Pole, .034c up to .42c the week of February 16th.
The "a,b,c" correction was .10c to .18c , and the larger "a,b,c" is .10c up to .185c, and hitting .106c.
My "Swing" target for CCTC is .42c - .106c = .314c,
.314c + .42c = .734c target.
Lastly, notice the number of weeks the channel took in AGEN, from the top of the Flag Pole at $1.20, down to .70c. It was 12-weeks.
Now count the number of weeks CCTC has been in its channel.
From .42c high of the Flag Pole, down to where it is currently, it is 12-weeks.
My target for CCTC is .74c minimum !!!
Another way to view the chart, is this way.
http://www.optionsoutlet.com/trading_technicals/images/improv25.gif
Wave (1) was .034c up to .42c
Wave (2) was .42c down to .10c on March 23rd,
with the "A, B, C" corrective phase being
A= .1081c, B= .18c, and C(2)= .10c
and now,
Wave #3 is in the beginning stage, minor wave #1= .185c down to .106c, being minor wave #2,
and that would mean that we are in minor wave #3,
within Wave(3).
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p81247470840
I hope that's not too confusing for everyone.
Thanks a lot coger!
I hope you were able to buy your shares this week, if that's what you intended to do.
I tried to emphasize to everyone that .097c was only a target I had in mind, and that the important thing I wanted everyone to know, was that this week was the time to be accumulating, and that they didn't have to wait for .097c to begin buying.
When a stock is trading in a sideways channel, as CCTC has been doing for 12- weeks now, it's always prudent to accumulate at the channels lows while you have money to buy them. You may not be able to get the exact low, but at least you will increase your odds of having a good position in the stock before it takes off on the next "IMPULSE" move up, which is where I think we're headed next week.
I'm satisfied that the stock got to within close range to .10c.
Who knows, maybe traders were paying attention to the board and saw that there was a lot of talk about .097c and decided to keep it from getting that low. Stranger things have happened in the market you know.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p81247470840
Where I think CCTC is right now.
http://www.optionsoutlet.com/trading_technicals/images/improv25.gif
Looking at the left side of this chart,
(1)5 was .42c and this was Wave #1.
Wave #2, is C(2) which was formed by an "A,B,C" corrective phase.
The "A" would be .10c set on March 23rd.
The "B" would be .185c set on April 12th.
The "C" would be .106c set on May 4th.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p81247470840
IMO, .106c on May 4th could be the bottom, and the beginning of Wave #3. If this is the beginning of Wave #3, my target is for a minimum of .74c with a possible hihg of $1.20 - $2.42
I hope everybody was able to accumulate this week at the lows of .106c - .115c, even though the stock never hit the .097c, that I was expecting.
The important thing here, is that everyone get into the stock this week, because I believe that next week will see CCTC moveup very high, and very fast.
GLTA
.097c low may not be needed anymore, and the price
action today was very good.
Where CCTC is in the Cycle, is Wave #2
http://www.babypips.com/images/elliott-wave/5%20wave%20color.gif
CCTC is forming a bottom in Wave #2,
and once it is completed,
Wave #3 will begin.
Wave #1 was .034c up to .42c
Wave #2 was .42c down to .10c, up to .185c, and down to the bottom of Wave #2, possibly .106c. ( an "a,b,c" pattern )
Wave #3 should begin with the .106c low that was set on Tuesday being the bottom, and go up a minimum of .74c.
Wave 1 ( .034c up to .42c )
The stock makes its initial move upwards. This is usually caused by a relatively small number of people that all of the sudden (for a variety of reasons real or imagined) feel that the price of the stock is cheap so it’s a perfect time to buy. This causes the price to rise.
Wave 2 ( .42c down to .106c )
At this point enough people who were in the original wave consider the stock overvalued and take profits. This causes the stock to go down. However, the stock will not make it to its previous lows before the stock is considered a bargain again.
Wave 3 ( .106c up to .74c minimum to possible $1.20 to $2.42 )
This is usually the longest and strongest wave. The stock has caught the attention of the mass public. More people find out about the stock and want to buy it. This causes the stock’s price to go higher and higher. This wave usually exceeds the high created at the end of wave 1.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p81247470840
http://www.babypips.com/school/the_53_wave_patterns.html
Stock prices tend to go down,
and below key support levels to shake the weak holders. Stock prices also tend to go down, into some key news events.
We have two such events coming up, so it is no surprise that the stock is going down before these events happen.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p52407009320
No BUYING Conviction this week, so
IMO, there is a very good chance that the stock can go to .097c today !
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
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p60784257789
It really is no major concern to me though if it doesn't go to .097c. Technically speaking though, I believe it will get hit to set up the Positive Divergence, and scare weak holders and bring in strong buyers, because .10c is Key Support.
The thing that is most important here, is that everyone who wants to capitalize on a big move up next week and the following week, should be either taking a position here at this price, or adding more to their current holdings.
BIG week next week, because........
On Monday May 10th, 2010 , the Fortune Magazine feature is due.
On Friday May 15, 2010 , the first quarter (10-Q) report for fiscal year ending December 31, 2010 will be due.
IMHO, CCTC will fall to .097c to set-up enough of a "Positive Divergence", for the stock to then be able to stage a rally.
Stock prices tend to go down, and below key support levels to shake the weak holders. Stock prices also tend to go down, into some key news events.
We have two such events coming up, so it is no surprise that the stock is going down before these events happen.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p52407009320
Where CCTC is in the Cycle, is Wave #2
http://www.babypips.com/images/elliott-wave/5%20wave%20color.gif
CCTC is forming a bottom in Wave #2,
and once it is completed, ( my target is .097c),
Wave #3 will begin.
Wave #1 was .034c up to .42c
Wave #2 was .42c down to .10c, up to .185c, and working its way down to what I believe will be .097c, (the bottom of Wave #2.
Wave #3 should begin with .097c and go up a minimum of .74c.
Wave 1 ( .034c up to .42c )
The stock makes its initial move upwards. This is usually caused by a relatively small number of people that all of the sudden (for a variety of reasons real or imagined) feel that the price of the stock is cheap so it’s a perfect time to buy. This causes the price to rise.
Wave 2 ( .42c down to .097c )
At this point enough people who were in the original wave consider the stock overvalued and take profits. This causes the stock to go down. However, the stock will not make it to its previous lows before the stock is considered a bargain again.
Wave 3 ( .097c up to .74c minimum to possible $1.20 to $2.42 )
This is usually the longest and strongest wave. The stock has caught the attention of the mass public. More people find out about the stock and want to buy it. This causes the stock’s price to go higher and higher. This wave usually exceeds the high created at the end of wave 1.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p25543880493
http://www.babypips.com/school/the_53_wave_patterns.html
The "Bullish Flag Pattern" is in place.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p25543880493
http://www.stockstoshop.com/flagsandpennants.htm
The Weekly Chart is showing that
the MACD and Stochastics lines are swinging up !!
the price over the last 4-weeks has been trending down!!
These two are both now diverging from each other.
This is called a "Positive Divergence", which is BULLISH, because it means that a short-term trend reversal in price is going to happen.
As the price goes lower, the divergence gets stronger.
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=0&mn=6&dy=0&id=p71674551939
Waiting on .097c
Target is for .74c next week.
Getting even more OVERSOLD !!!
BUY on 88% SELL readings ! When everyone is BEARISH, that's the time to be BUYING !
http://barchart.com/snapopinion/CCTC
http://barchart.com/opinions/CCTC
http://barchart.com/chart.php?jumpto=1&sym=CCTC&style=technical&p=D&d=L&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=&addindicator=&submitted=1&fpage=&txtDate=&x=36&y=8
Notice the RSI , MACD, and Stochastic readings.
The MACD is Very Bullish, and the RSI and the Stochastic are both indicating oversold.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p49794602232
The Trend is Long Term Bullish
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&mode=table&table=trend&num1=570
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=572&cobrand=&mode=stock
When Short-Term indicator says 80% SELL,
...it's time to be BUYING with conviction and confidence!!!
http://barchart.com/opinions/CCTC
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p50581649177
Still hold my opinion that CCTC will test .097c this week, possibly today.
As of 7:40 am, 100,000 shares shortable.
...and still on the "Naked Short List", 24-days now, with a
BUYIN Imminent.
http://www.buyins.net/tools/short_list.php?dys=>12
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?key=cctc&cntry=usa&tag=United+States&ib_entity=llc&ln=
Another reason to be BUYING !!!
Yet another reason the bottom is VERY NEAR !!!
Pessimism is running rampid !
The vast majority are getting scared, and a lot are selling.
As a contrarian, I recognize that these are just a few of the reasons to be BUYING.
The following is a wake up call to the fact that when the consensus is BEARISH, it's time to be BUYING !!!
http://barchart.com/snapopinion/CCTC
Head and Shoulders Pattern is almost complete, and .10c
(Neck Line), support, will be broken by a small fraction of a penny.
http://barchart.com/chart.php?jumpto=1&sym=CCTC&style=technical&p=D&d=L&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=&addindicator=&submitted=1&fpage=&txtDate=&x=24&y=13
After .27c gets hit, NO resistance til .99c
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=569&cobrand=&mode=stock
Again, my "SWING" target is for .27c.
Calculation is as follows:
.185c - .097c = .088c,
then, .088c + .185c = .273c
When CCTC is ready to launch, it may gap-up to .27c, so you don't want to miss this when it does happen. Next week, when the stock starts its move up, it could gap up from .12c to .27c easily. So, get in this week if you want to own shares, because you won't want to chase it, paying above .27c, when it's only .11c now.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p94549745125
pickemhot, thanks a lot for the post.
I'll keep posting what I believe will help anyone who might be wondering why the stock is doing whatever it is doing at the time.
Some of my posts have not turned out, some have.
If I can keep some people on the board informed, so that they don't miss an opprortunity to make a good profit, then I'll be satisfied.
The .097c level didn't get reached yesterday, as I thought it would, but maybe today it will. I still think it will hit, and that this week is the best chance for it to happen.
One important point I'll make here, is that CCTC can go up at any moment sharply, and a person could miss the take-off if they're not watching it closely. The time to watch it closely is of course in the morning at 9:30. The volume is the key. When the BIG move happens, you'll see many millions trading, not the usual volume of only 3 million or so. You really only need to watch ths stock 3 times each day, for a 1/2 hour each time. Again, the one level to watch right now is .10c support. Next week will be smooth sailing!!!!!
You will want to be ready to SELL your shares once you see the stock zoom past .185c, because .42c will then get challenged quickly, and then .74c will come fast also. Shares traded volume will swell to over 80 million, so you'll know that the stock will be topping out.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p87769812476
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p87769812476
stevesc, I have been reading everything I come across on
"Elliott Wave Theory", and "Chart Patterns", by way of the Internet.
I have a lot of the readings on my Favorites Browser.
I'll keep posting the ones I do have, that I think will help you and others, who are interested.
The "Bullish Flag Pattern" explained.
http://www.istockanalyst.com/article/viewarticle/articleid/1075360
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=0&mn=6&dy=0&id=p52106566047
My target for CCTC is .74c minimum.
Why CCTC is a "Bull Flag Pattern",
Two charts for you to compare:
First, AGEN 6-month-weekly.
http://stockcharts.com/h-sc/ui?s=AGEN&p=W&yr=0&mn=6&dy=0&id=p21074794522
Notice the RSI, MACD, and Stochastic.
Notice the Flag Pole , .60c up to $1.20 the week of January 11th.
The "a,b,c" correction was .71c, .85c, .70c.
The "Swing" was $1.20 - .70c = .50c, .50c + $1.20 = $1.70 target.
Actual high, turned out to be #1.72
Now for CCTC, 6-month-weekly.
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=0&mn=6&dy=0&id=p46002046130
Notice the RSI, MACD, and the Stochastic.
Notice the Flag Pole, .034c up to .42c the week of February 16th.
The "a,b,c" correction was .10c to .18c , and the larger "a,b,c" is .10c up to .185c, and working on my target of .097c for the "c"
My "Swing" target for CCTC is .42c - .097c = .323c,
.323c + .42c = .743c target.
Lastly, notice the number of weeks the channel took in AGEN, from the top of the Flag Pole at $1.20, down to .70c. It was 12-weeks.
Now count the number of weeks CCTC has been in its channel.
From .42c high of the Flag Pole, down to where it is currently, it is 12-weeks.
My target for CCTC is .74c minimum !!!
Thanks stevesc, as always.
Every day next week will register gains !
This week is the week to accumulate !!!
Every day this week, CCTC will be trading in a narrow range of between .097c and .125c.
Next Monday should be the day CCTC begins its climb.
This chart is a GREAT looking chart. It clearly shows that the MACD is Very Bullish. Also, the Stochastics line is below 20%, indicating that a bottom is forming. Also, the stock is now in its 12th week of this correction channel, which is near the end, in terms of the length of channels in a correction phase.
Also, take note of the RSI, which is very telling of the oversold condition, from which rallies are born.
http://investorshub.advfn.com/boards/post_new.aspx?board_id=10937
IMO, in just 8 or 9 days, CCTC will be well above .42c and should hit between .74c and $1.00++++