I can lead a horse to water, but I can't make him drink !
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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++++
Still see the chance for .097c today.
C:\Documents and Settings\edward durkee\My Documents\My Pictures\chartCAK5IPJK.gif
Still looking for .097c to hit today !!!
Four charts for you to view at 11:10 am:
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=3&dy=0&id=p76278039436
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=29&y=7
C:\Documents and Settings\edward durkee\My Documents\My Pictures\chartCAK5IPJK.gif
Still looking for .097c to hit today !!!
Four charts for you to view at 11:10 am:
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=3&dy=0&id=p76278039436
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=29&y=7
https://www20.fs.ml.com/marketresearch/charts.asp?Sym=CCTC&time=10dy&compidx=aaaaa%3A0&comp=&freq=1hr&ma=4&maval=9%2C18%2C50&type=2&uf=0&lf=4&drawchart=Draw+Chart&ChartMenuType=ADVANCED
Head & Shoulders Pattern almost complete.
The Left and Right Shoulders, and the Head have all three formed now, to complete the H&S Pattern.
.10c is the "Neck Line".
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=29&y=7
http://www.thehotpennystocks.com/Learn-To-Trade/head-and-shoulders-pattern.aspx
IMO, CCTC will go under the .10c "Neck Line" only marginally, to .097c, which is just enough to bring in the BUYERS, as this is KEY SUPPORT, and the completion of the "a,b,c pattern of the correction of .034c to .42c Impulse move up , back in February.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p89260976357
JB61, I'll try my best.
http://www.optionsoutlet.com/trading_technicals/images/improv25.gif
We're almost at "C" (2) currently.....waiting for .097c to hit.
Once that happens, my "Swing Calculation" is for .27c target.
( .185c - .097c = .088c, .088c + .185c = .273c target )
Then, from .273c to above .42c quickly to between .74c and $1.00++ target, which is (3)5.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p58481301792
Elliott Wave #1 and #2 for CCTC
The following diagram will explain my interpretation of where CCTC is currently.
The Wave Structure from the bottom left to the top, 5 (v),
represents Wave #1 , .034c to .42c. Impulse moves go up in 1-2-3-4-5 sequence, and this is what CCTC did, when it moved from .034c to .42c.
http://www.acrotec.com/elliottwave/ew2.jpg
The Corrective Phase, Wave #2, shown to the right of the diagram, moves down in the form of an "a,b,c pattern. CCTC moved down from the .42c high in this manner moving down to .108c, up to .18c, then down to .10c, then up to .185c, and currently moving down.
The "a" is .10c, and the "b" is .185c, and we are approaching
"c", where I believe CCTC will bottom at .097c.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p00781965468
This is where CCTC is, in "Elliott Wave" Terms.
At the lower left-side of the diagram,
(1) was .42c, this was the 1st impulse move, that was formed in a 1-2-3-4-5 sequence., or Leg #1, or Wavw #1
then "the correction", or Wave #2, forms an a,b,c pattern, which is where CCTC is currently, at the C, (2).
CCTC is, IMO, about to bottom here soon, and then move up to
Wave (3), in a 1-2-3-4-5 sequence.
http://www.optionsoutlet.com/trading_technicals/images/improv25.gif
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p00781965468
http://www.optionsoutlet.com/trading_technicals/images/improv31.gif
http://www.acrotec.com/ewt.htm
The approaching 2-events that will be the "Catalysts",
or reasons for the upcoming move to above $.18c, .42c, .74c and then $1.00 plus+++ will be:
"The Fortune Magazine Article" May 10th and,
the May 15, 2010 first quarter (10-Q) report for fiscal year ending December 31, 2010.
CCTC will be bottoming this week, forming a base with the PPS
trading between .097c and .125c all week. This week is the time to be loading up on shares, or adding to current holdings.
Do Not Sell right now !
In just 10-days, or less, the stocks price will be taking off, and you won't want to try and trade this, it's too risky. You may miss the move if the company decides to release a PR suddenly in mid-day.
This has been an 11-week consolidation of the gains from the
1st impulse move of .034c to .42c. It has been a "Channel Trading range". These "Wave #2 correction phases" can last between 1 and 12 weeks. CCTC is approaching its 12th week. The correction is coming to an end.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p00781965468
My 1st target is for .74c (.42c - .10c = .32c, .32c + .42c = .74c)
This is my "Swing Projection" using .42c as the "Pivot", and .10c, the support low, to calculate the move up above .42c.
.74c will be met, I have NO DOUBT, and these moves usually extend themselves to the next level to challenge any resistance levels.
That "Resistance Level" for CCTC is at $1.00. I fully expect to see the stock trade past $1.00, with a possible move to $1.06 to $1.20.
There is a Positive Divergence between the MACD and the price on the 5-minute chart as of 3:40 pm
This would mean that the trend is about to change from down to up.
No Divergence yet, in the 15-minute , or the hourly, as of 3:40 pm.
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
Anything is possible. Without any catalyst, I see the stock getting under .10c marginally to .097c.
The catalysts are the Fortune Article on the 10th, and the 10-Q on the 15th.
Today is only the 3rd of May, so I'll stick with my belief that the stock spends all this week, trading between .097c and .125c.
Then, next week, I believe we'll see the stock make a run gradually, then taking off to above .18c, above .42c and finally hitting my target of .74c to $1.00 plus ++++
So, for now, without some event in the form of a PR showing REVENUE and, or SIGNING of papers, I don't see a BIG IMPULSE move up all of a sudden.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p64624652018
I count 3-waves down today.
To me, that means a re-test of the support of .12c, which is now resistance, that was broken this morning. Usually re-tests go above supports on the rebound, so expect that it will go above .12c at the close, probably to .1220c
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
All 3- charts I look at, indicate to me that on a daily, hourly, and minute view, it's getting way oversold, so I expect there to be a bounce shortly and end the day higher.
But, tomorrow the stock will revisit todays lows and then some.
Tomorrow, I see the stock going under .10c and possibly ending the day at its lows.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p32538342359
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://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=29&y=7
CCTC will end the day above .12c.
Tomorrow, Tuesday, CCTC will trade between .125c and .10c
and close under .10c. Then it will trade the remainder of the week between .097c and .127c, forming a base, with .097c as both the low, and support. The February 4th high of .096c resistance, should provide some support, however, it may get breached slightly to .09c to .095c.
Next week will reward all who accumulate at this weeks lows.
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=29&y=7
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p23388002311
CCTC will trade in the .11's before the end of the day, and end the day above .12c.
Tomorrow, Tuesday, CCTC will trade between .125c and .10c
and close under .10c. Then it will trade all week long with .097c as support.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p43157940354
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=29&y=7
Right now, the H&S pattern over the last 5-weeks, tells me that
.10c will hit, and a very probable break below .10c is likely as well, although I believe it will be marginal. I still think a move to .097c is in the cards.
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=29&y=7
No Support at .12c
Will go down to .10c easily.
Buy all the CCTC you want today, tomorrow, and all this week, because next week is the week CCTC makes its RUN-UP !!!
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=29&y=7
CCTC should go down to .097c tomorrow, Tuesday,
and trade all week between .097c and .125c.
Then, next week, I can see the stock move up slowly and gradually, toward a "Break-Out" above .18c, .42c, and hitting .74c, or $1.00 plus++ .
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p06496404004
I didn't know you went short.
What price was the stock when you went short ?
Resistance of $1.00 will be TESTED !!!
Once CCTC goes under .10c SUPPORT,
it will then move up fast to test resistance of $1.00
Hold on to your stock everyone.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p22806750202
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=569&cobrand=&mode=stock
Resistance levels of .27c and .99c will be broke easily on the upside when the volume goes well over 80 million shares in one day this month, in the next 2-weeks.
Notice that the Long-term MACD is Very Bullish, and the Trend is Bullish.
The Stochastic reading is under 20%, so the stock is near the bottom, and will be setting up shortly for a strong move up !!!
Good read for ?'s you have on charts
http://www.babypips.com/school/the_53_wave_patterns.html
CCTC needs a "Positive Divergence" in order move sharply higher.
A Positive Divergence was forming between January 19th and February 12th, and that is why "technically", the stock jumped from .034c to .42c. Fundementally, it was factors such as the stock having been removed from the Naked Short List, and the NEWS that came out. Also, technically, the price decline occured after a 1-2-3-4-5 Elliot Wave down sequence.
A move below support of .10c would give it that divergence.
Divergence is where the MACD line and the price are moving in opposite directions.
When the price of the stock is moving down, and at the same time the MACD line is moving up, it is said that there exists a divergence.
Divergences set the stock up for a big move up, because you have the downward price causing holders to SELL, and at the same time you have strong buyers BUYING.
Volume picks up as the SELLING builds, and so does the BUYING.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p19801132769
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_average_conve