I can lead a horse to water, but I can't make him drink !
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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
BUY all the CCTC you can afford to BUY at next weeks low prices !!!!
CCTC will be up near .74c in 2-weeks !!!
Next week CCTC should be building a base between .097c and .108c
Good opportunity awaits those who BUY next week.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p19801132769
.10c is recent support.
Always BUY on a break of key support !
Thanks stevesc.
Always appreciate your posts.
You have youself a great weekend too.
CCTC is forming a "Bull Flag Pattern".
http://www.istockanalyst.com/article/viewarticle/articleid/1075360
First, view others that have had a Flag, or Pennant Formation.
http://stockcharts.com/h-sc/ui?s=VSTNQ&p=D&yr=0&mn=6&dy=0&id=p70389703711
http://stockcharts.com/h-sc/ui?s=AGEN&p=D&yr=0&mn=6&dy=0&id=p15641705791
Now CCTC
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p08775009838
If the stock doesn't hit .097c today,
then IMO, it will be down on Monday and Tuesday to that level, and spend the rest of the week basing at that level of .097c.
Then, the following week, the stock should then move up
sharply.....and make a move above .185c and break thru the .42c level, on toward .74c.
Everyone should relax here, and stay put.
Do not sell !!!!
A bottom is about to form next week, and a move up to well above .42c should happen May 10th thru May 14th.
Hold on !!!!
Don't SELL !!!!
Now is the time to be BUYING, to add to your holdings.
Two Charts to compare !!!
IMO,
CCTC will unfold in the same manner as this other stock.
Both are similar.
Both had a BIG 1st leg up, or Wave.
Both had consolidation phases, or corrections of the 1st impulse move, or leg, or wave.
the other stockbottomed in its 11th week of the consolidation channel, going under .71c by a penny, to .70c. It formed a base for the next week. The price was under the blue M.A., which was under the red M.A, which were both under the green M.A. This is what I look for ! You may refer to this pattern as either a "BULL FLAG", or a "Pennant", and although it does't fit the text book criteria for its form, it is very close to both in likeness.
http://stockcharts.com/h-sc/ui?s=AGEN&p=D&yr=0&mn=6&dy=0&id=p80431924254
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p72736674714
My measuremnts of prices, call for a target of at least .74c for a high, once the stock breaks out above .18c. (.42c -.10c =.32c)
(.42c + .32c = .74c )
There are two H&S patterns.
A BIG Reverse H&S implying an BIG move up is coming, as seen from the .42c high down to .1081c, up to .18c, down to .10c, up to .185c, down to the current .12c. This pattern is over the last 11-weeks.
...then there is the regular H&S pattern over the last 5-weeks, which implies lower prices, where .10c is the neck line, .15c is the Left-Shoulder, .185c is the Head, and .16c is the
Right-Shoulder.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p09807848408
My view currently, is that the BIG H&S pattern will not hold.
because a move under .10c will change that pattern. If .11c were to hold, then the BIG Reverse H&S would still be in place. Since the price is showing weakness, and I expect .097c to be reached, the regular H&S pattern over the last 5-weeks is the one I'm focused on now.
The Head & Shoulders Pattern that has been forming over the last 5-weeks, is continuing to take shape.
.10c is the "Neck Line".
I expect the stock to fall under this neck line only marginally, to a level of .097c, just enough to bring in the buyers, and at the same time cause the weak holders to sell.
Up to this point, the Left-Shoulder and the Head of the H&S pattern have formed, and the Right-Shoulder has formed in my opinion.
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
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p09807848408
Hang in here everyone...
the waters are going to get rough here,
but smooth sailing is just ahead after that!!!
On May 15, 2010 , the first quarter (10-Q) report for fiscal year ending December 31, 2010 will be due.
On May 10th, 2010 , the Fortune Magazine feature is 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, into some key news event. We have two such events coming up, so it is no surprise that the stock will be going down before these events happen.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p24165043326
Charts are a reflection of everything that is known, and unknown.
Chart patterns also reflect these factors.
Again, stock prices usually go down before "Good" news comes out.
When I see a stock falling, I look for a 1-2-3-4-5 sequence down, and I want to buy the stock at the end of the "5", when it goes down under a recent support. That is where the "Good news" usually comes out.
Currently, I expect that when CCTC goes below .10c support, it will have then fallen to the level I expect to see the significant news come out.
JB61, I understand your concerns.
Hang-in there though, your expressions of concern are what are typically discussed at the point where investors get out of the stock out of frustration.
This also is the point at which a bottom is close at hand.
Consolidation patterns, such as the one CCTC is in, and has been in now for 11-weeks, last on average, for 12 weeks.
CCTC has a 1-2-3-4-5 sequence pattern in all of its moves, up and down.
From .034c to .42c, the pattern unfolded in this manner.
From $1.65 down to .034c, the pattern unfolded in this manner.
From .42c down to .108c, the pattern unfolded in this manner.
From .18c down to .10c, the same pattern.
...and finally, from .42c down to where the stock is now, it is unfolding in the same pattern, only we have yet to complete the pattern, and this is why the target I have of .097c will hit soon, to complete #5. Numbers 1,2,3 and 4 are complete.
The #5, is the final capitulation phase of the sequence move. It exhausts the selling and the buying, in the move up to a top, and the move down to a bottom.
People will sell soon out of frustration. That is how you know the stock is at the bottom.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p58446419237
UPDATE on the "NAKED SHORTS"...
CCTC has been listed 21 daysw/a BUYIN imminent...still on the Naked Short List.
http://www.buyins.net/tools/short_list.php?dys=>12
Currently, there are 150,000 shares available to short.
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?key=cctc&cntry=usa&tag=United+States&ib_entity=llc&ln=
The Truth about Naked Shorts.......
http://www.fool.com/investing/dividends-income/2008/09/22/the-truth-about-naked-shorts.aspx
JB61, Good info, thank you !
Hang in here everyone...
the waters are going to get rough here soon,
but smooth sailing is just ahead after that!!!
On May 15, 2010 , the first quarter (10-Q) report for fiscal year ending December 31, 2010 will be due.
On May 10th, 2010 , the Fortune Magazine feature is 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, into some key news event. We have two such events coming up, so it is no surprise that the stock will be going down before these events happen.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p24165043326
CCTC will drop under .125c support
...today, or tomorrow, or next week. My target is .097c !!!
The following charts are displaying a Head & Shoulders pattern
http://www.thehotpennystocks.com/Learn-To-Trade/head-and-shoulders-pattern.aspx
over "the last 5-weeks", which implies lower prices ahead as the pattern completes itself. Currently , the pattern is 3/4 of the way thru its completion. The .10c level represents the "Neck Line",or "Support", and this is the level at which CCTC will test and break below. The break under this .10c need only be a fraction of a "cent", to bring in enough of a "Divergence" to create the recipe for a strong RALLY !!!
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=p42424807762
CCTC will drop under .125c support
...today, or tomorrow, or next week. My target is .097c !!!
The following charts are displaying a Head & Shoulders pattern
http://www.thehotpennystocks.com/Learn-To-Trade/head-and-shoulders-pattern.aspx
over "the last 5-weeks", which implies lower prices ahead as the pattern completes itself. Currently , the pattern is 3/4 of the way thru its completion. The .10c level represents the "Neck Line",or "Support", and this is the level at which CCTC will test and break below. The break under this .10c need only be a fraction of a "cent", to bring in enough of a "Divergence" to create the recipe for a strong RALLY !!!
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=p42424807762
CCTC will drop under .125c support
...today, or tomorrow, or next week.
The following charts are displaying a Head & Shoulders pattern
http://www.thehotpennystocks.com/Learn-To-Trade/head-and-shoulders-pattern.aspx
over "the last 5-weeks", which implies lower prices ahead as the pattern completes itself. Currently , the pattern is 3/4 of the way thru its completion. The .10c level represents the "Neck Line",or "Support", and this is the level at which CCTC will test and break below. The break under this .10c need only be a fraction of a "cent", to bring in enough of a "Divergence" to create the recipe for a strong RALLY !!!
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=p42424807762
CHARTS of CCTC ( .097c Very Soon !!! )
Possible intra-day move to fill open Gap,and test,
then a rally up.
Time frame, over the next few days, or 2-weeks.
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=37&y=9
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p58322170469
Thanks BBB !
Always glad to contribute !
This is a GOOD WAY to follow this chart!
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p91785771152
Look to the far right of the chart.
You will notice that there are 3-moving averages.
( 9,18, and 50-day.)
CCTC will be ripe for a move up, when you see the "red and blue" moving averages cross under the "green 50-day" moving average, and the "blue" is under the "red".
When the "price" is under the blue M.A.,
and the blue M.A is under the red M.A.,
and the stock is at .097c,
I expect that the NEWS will then be released shortly .
Measuring the drop below .13c
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
You will notice that the high on this 5-day, 15-minute chart
is .16c
The support is at .13c
By taking the difference between .16c and .13c, you get .03c.
Next, subtract the .03c from .13c support, and you will get a "possible" target below .13c of .10c at a minimum.
This is called the "swing".
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p91785771152
Anytime luck2020 !
Thanks cooky !
Thanks ospreyeye !
IMO, when CCTC makes its big move up, it will be accompanied by NEWS. NEWS will be the catalyst, and the move will happen with big volume in excess of 75 million shares.
This move can happen at any time of the day.It can happen this afternoon when everyone is at lunch. It can happen at the opening bell at 9:30 am. It can happen so that the move down to .097c is touched in the morning, and then stage a rally on the release of news at 2 pm, to carry the stock to above .42c.
This is the nature of Penny Stock Trading.
To be able to take a 1,000 plus gain on a move in a Penny Stock, you have to be ready at all times, because the gains quickly evaporate from profit taking, and a 50% drop can easily happen within minutes.
So, be ready at all tiimes, if you can.
And don't be greedy !
Remember the old saying... "you won't go broke, taking a profit."
Why I see a test of .097c
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p78306650260
Look to the left-side of this chart of CCTC.
You will notice .096c is labeled. This was a resistance area.
The Rule, is that resistance becomes support and visa-versa, support becomes resistance.
This is why I believe that .097c will be tested, by breaking the recent support of .10c, and testing the previous resistance of .096c.
Also, you will notice, that from the .42c high, the stock came down to .1081c in a 1-2-3-4-5 sequence. It then went up to .18c in a 1-2-3-4-5 sequence, and then down to .10c in a 1-2-3-4-5 sequence, and then up to .185c in a 1-2-3-4-5 sequence.
If you were to count a 1-2-3-4-5 sequence from the .42c pivot down, you would count .42c to .1081c is "1", from .1081c to .18c is "2", from .18c down to .10c is "3", from .10c to .185c is "4", and from .185c down to my target of .097c would be "5".
Under "Elliott Wave Theory", this is how a technician would approach wave counts. They move in either 1-2-3-4-5 sequence, or a,b,c, sequence. Minute waves form minor waves, which form major waves and intermediate waves. The way in which this waves form are however left open to individual interpretation, as you will find that technicians disagree between one another on their views of counting.
From my perspective, the move from .034c to .42c was a 1-2-3-4-5 sequence move up, and within that move, on an hourly chart you would be able to see each wave had a 1-2-3-4-5 minute wave sequence. The move down from .42c to where the stock is currently, is also broken down in a 1-2-3-4-5 sequence.
IMO, CCTC will fall to .097c this week,
or, next!
CCTC is within the confines of a "Pennant Formation"
The "Staff" is .03c to .042c.
It was formed in 3-waves under Elliott Wave Theory.
The "Pennant" is still in the process of forming.
Basically, the pennant is a consolidation of the "staff".
The first wave down was .42c to .108c.
The second wave down was .18c to .10c.
The third wave down is still in the process....from .185c and moving down to where I believe will be .097c.
The .097c will IMO, serve to break support at .10c and bring in new buying, set-up a Bullish Divergence, and shake-out weak holders.
The "Pennant Formation" is a continuation pattern which is BULLISH. It is also the consolidation pattern, or correcting wave of the first wave up, .034c to .42c. The pennant is a triangle pattern and currently the price is trading within this triangle toward the triangle APEX. This Pennant Formation can be seen in many stocks that begin BULLISH PHASES, which is where CCTC is currently.
The following are two examples of Pennant Formations for your review to compare. Both formed a "Staff" and were followed by a
8-11 week Pennant Formation, or continuation pattern before breaking-out to form the next wave up.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p74441193633
http://stockcharts.com/h-sc/ui?s=AGEN&p=D&yr=0&mn=6&dy=0&id=p04724432987
http://stockcharts.com/h-sc/ui?s=AEZS&p=D&yr=0&mn=6&dy=0&id=p11752642751
No Bullish Divergence yet !
CCTC is getting closer to moving toward .097c
...and that will set up a BULLISH DIVERGENCE, which is needed to propel the stock to above .42c
http://www.stock-charts-made-easy.com/bullish-divergence.html
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&mode=table&table=trend&num1=2
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=567&cobrand=&mode=stock
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p08972397717
it was actually on Wed. the 18th.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p89775314277