I can lead a horse to water, but I can't make him drink !
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My favorite comparison. Look at both closely!
The following are "Weekly" charts.
http://stockcharts.com/h-sc/ui?s=AGEN&p=W&yr=0&mn=6&dy=0&id=p89076765520
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=0&mn=6&dy=0&id=p15285755839
Notice the following:
1. The RSI at the top of the chart.
I want to BUY a stock when the RSI is under "10" %.
2. The 3- Moving Averages.
I want to BUY, when the price is under the 9-day M.A.,
when the 9-day, is under the 18-day, which is under the
50-day.
3. The Technical Pattern.
I want to BUY, when I see a "Bullish Pattern".
The "Bull Flag Formation" is a continuation pattern which
can be 1-to-12 weeks long, but can last longer than that.
It can unfold in several ways, but a common way is the A,B,C
corrective pattern, whereby there are several lowere lows
within the channel.
4. The MACD (Moving Average Convergence Divergence).
I look for a "Divergence", which is where the "price" and
the "MACD", are moving in opposite directions ( price moving
down, while the MACD line is trending up.
5. The Full Stochastic.
I want to see the Full Stochastic trending upward, while
the "price" is falling, just like the "MACD", a "Divergence",
moving in opposite directions.
Both of these stocks formed in like manner, meeting all of the criteria I look for and have outlined above. Both have formed
Wave 1 and Wave 2. AGEN has formed Wave 3. CCTC is getting ready to move up to Wave 3.
My target for AGEN was for $1.70, a "Swing Target" I arrived at by taking the difference from the "Flag Pole" "Impulse Move"
high of $1.20 on Jan.11th, and the "Flag" low of 0.70c on April 1st, which is 0.50c, and then adding the 0.50c differnece to the high of $1.20. The actual price stopped at the high of $1.72 on
April 12th.
My target for CCTC is for 0.75c, a "Swing Target" I arrive at by taking the difference from the "Flag Pole" Impulse Move" high of
0.42c on Feb.16th, and the "Flag" low of 0.088c on May 14th, which is 0.332c, and then adding the 0.332c difference to the high of 0.42c. This is a minimum price target, as $1.00 to $1.15 is "resistance", and the stock could extend its move beyond the 0.75c target I am expecting.
http://www.optionsoutlet.com/trading_technicals/images/improv32.gif
"Divergence"
http://www.stock-charts-made-easy.com/images/RSI_Bullish_20041025_HB.png
http://www.babypips.com/images/elliott-wave/5%20wave%20color.gif
http://www.istockanalyst.com/article/viewarticle/articleid/1075360
http://www.stockstoshop.com/flagsandpennants.htm
http://www.ensignsoftware.net/images/20-4.gif
Wave 1
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
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
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.
Take the Challenge !!!!
Some, think that NEWS is necessary to propel a stock from an apparent large drop to an extreme lofty level, in a very short period of time.
I disagree.
Case-in-point: AGEN
http://stockcharts.com/h-sc/ui?s=AGEN&p=D&yr=0&mn=6&dy=0&id=p66782251686
I use AGEN as an example, because it's pattern is so similar to CCTC. AGEN, had a large IMPULSE move up to $1.20 from 0.60c. It then consolidated those gains over the next 13-weeks, in the pattern of a "Bullish Flag Formation". Three lower lows were made.
0.74c, 0.71c, and 0.70c, in an "A, B, C" corrective Wave, that formed Wave(1) 0.60c to $1.20, and Wave(2), 0.71c, 0.85c and 0.70c
From the Wave(2) low of 0.70c on April 1st, it then surged to $1.72, with NO NEWS at all!!!
CCTC can make a move to my Targets of 0.75c and $1.15 without any NEWS, IMO.
Take my challenge, to find the NEWS that caused AGEN to suge like it did. I give you three Web-sites to research from below. GL
http://finviz.com/quote.ashx?t=AGEN&ty=c&ta=1&p=d&b=1
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=agen
http://finance.yahoo.com/q?s=agen
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p25660553168
I agree !!!
Wave(2) may have Bottomed, and
....Wave(3) may be on its way this week!!
http://www.optionsoutlet.com/trading_technicals/images/improv32.gif
Wave(3) = Possible 0.75c to $1.15c (Swing Targets)
Wave(2) = 0.08c Low @ C(2)
Wave(1) = 0.42c High @ (1)5
WEEKLY Chart
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=0&mn=6&dy=0&id=p96677074869
Technical Update, Monday, May 17th.
My "Targets" for this week are:
1st Swing Target = 0.282c
(0.185c - 0.088c) = 0.097c, (0.097c + 0.185c) = 0.282c
2nd Swing Target = 0.752c
(0.42c - 0.088c) = 0.332c, (0.332c + 0.42c) = 0.752c
Overshoot Swing Target = possible $1.15 (April 2008 Support)
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p14839920443
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p58869610417
WEEKLY Chart
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=0&mn=6&dy=0&id=p96677074869
All of this speculation and guessing is fruitless, wouldn't you agree?
I do like to project a positive spin though.
I prefer to accentuate the positive, and eliminate the negative.
Many of the web-sites that I frequently access,
are currently down.
Saturday evenings are often the times when I have experienced them all being down for "scheduled maintainence", sometimes weekly, sometimes monthly.
This seems a likely explaination to the inaccessability, to me.
Both my Scottrade and TA sites are down for scheduled maintainence.
Perhaps the following explains web-site...
being down.
SECRETARIAL CHINA CLEAN ENERGY BUSINESS DEVELOPMENT MISSION
MAY 16-21, 2010
http://trade.gov/cleanenergymission/tg_main_002496.asp
Perhaps there has been a positive event, that has required the need to "make changes to the web-site".
Let's remain positive !!!
One of my Strongest Indicators for a
.....rise in the stocks price next week,
is the "Positive Divergence", between the stocks "Price" and the
"MFI- Money Flow Index".
When the Price is trending downward, and at the same time, the MFI is trending-up, in the opposite direction, you have a "Divergence".
This kind of Divergence is Bullish, and indicates a price trend reversal. This means that the Price is about to reverse, from having trended down, to about to be going up !!
Example:
http://www.stock-charts-made-easy.com/images/RSI_Bullish_20041025_HB.png
The chart below will display this "Divergence" in two areas:
1. January 10th thru February 10th
2. April 30th thru May 14th
***Note that there had been a "5-Wave pattern" fall, from January 10th thru February 10th, and from April 12th thru May 14th.
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=p98956601659
***Note also, that CCTC surged from 0.034c to 0.42c from February 10th
thru February 18th.
IMO, CCTC will surge from Fridays low of 0.0885c to 0.74c soon !
http://barchart.com/chart.php?sym=CCTC&style=technical&p=D&d=O&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=MFI%2814%2C255%2C100%2C39168%2C16711680%29&chartindicator_1_code=MFI&chartindicator_1_param_0=14&chartindicator_1_param_1=255&chartindicator_1_param_2=100&chartindicator_1_param_3=39168&chartindicator_1_param_4=16711680&addindicator=&submitted=1&fpage=&txtDate=&x=87&y=11
One of my Strongest Indicators for a
.....rise in the stocks price next week,
is the "Positive Divergence", between the stocks "Price" and the
"MFI- Money Flow Index".
Whe the Price is trending downward, and at the same time, the MFI is trending-up, in the opposite direction, you have a "Divergence".
This kind of Divergence is Bullish, and indicates a price trend reversal. This means that the Price is about reverse from having trended down to about to be going up !!
Example:
http://www.stock-charts-made-easy.com/images/RSI_Bullish_20041025_HB.png
The chart below will display this "Divergence" in two areas:
1. January 10th thru February 10th
2. April 30th thru May 14th
***Note that there had bee a 5-Wave pattern fall from January 10th thru February 10th, and that from April 12th thru May 14th.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p98956601659
***Note also, that CCTC surged from 0.034c to 0.42c from February 10th
thru February 18th.
IMO, CCTC will surge from Fridays low of 0.0885c to 0.74c soon !
http://barchart.com/chart.php?sym=CCTC&style=technical&p=D&d=O&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=MFI%2814%2C255%2C100%2C39168%2C16711680%29&chartindicator_1_code=MFI&chartindicator_1_param_0=14&chartindicator_1_param_1=255&chartindicator_1_param_2=100&chartindicator_1_param_3=39168&chartindicator_1_param_4=16711680&addindicator=&submitted=1&fpage=&txtDate=&x=87&y=11
petergriffin: I don't see the stock going lower than 0.08c
...I see the bottom here at 0.0885c !!!
Hold your shares !!!!!
I'll keep you updated.
bzstock: I'll be sure to keep you updated !
bzstock: Sure thing! Always glad to help!
I invite everyone to read this post, made on April 19th.
Posted by: edurk Date: Monday, April 19, 2010 3:22:27 PM
In reply to: None Post # of 17566
Waiting on .097c to bring in the BIG BUYERS !
.10c SUPPORT is the level to WATCH !!!
BUY on breaks of support...
SELL on breaks above resistance....
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p91450442361
PLEASE NOTE:
I have been waiting on a break of 0.10c to establish the needed "Positive Divergence", to bring in new buying.
Smart BUYERS , that have been sitting on the side-lines waiting for this break below "Key Support" of 0.10c,(and Shorts getting Squeezed), will propel the stock higher than the 0.146c level, higher than the 0.185c level, and ultimately, higher than the February high of 0.42c.
I'd like to state here, and make it well known, that the CEO of any company can, and will, release a PR, or some other kind of information, to the companys and shareholders benefit, when he, or she, sees it fit to do so. IMO, CCTC's CEO can, and will release what the "Street" is looking for in the way of NEWS, when the stocks price gets to a level he sees as offering the most benefit to "certain interested parties".
I remind everyone, that BIG IMPULSE moves up, begin from Oversold, drops under key support levels. On Friday, 100% held the opinion to SELL. When the concensus is mostly BEARISH, that's the time to be BUYING, not selling !!!
http://barchart.com/snapopinion/stocks/CCTC
I invite everyone to read the post made on April 30th, in regard to the Head & Shoulders Pattern I believed was forming, and would indicate a move down below the 0.10c Neck Line.
Posted by: edurk Date: Friday, April 30, 2010 10:17:48 AM
In reply to: None Post # of 17561
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
bzstock: I would hold onto your shares,
...as the stock will go up to my target of 0.74c soon.
When it moves up to 0.16c next week, pay close attention to it, and watch the volume at the open of trading each morning. The stock will make a big move up to 0.26c after 0.18c is reached, and the volume swells to over 40 million.
I have 2-scenarios lined up.
1. the stock makes a big move to 0.26c one day, and is followed the next day to 0.74c
2. the stock "gaps-up" to 0.26c, and goes as high as 0.74c, on over 80 million shares.
In both scenarios, I would be a SELLER !!!!
As far as you concern over the post about the company being a scam, I wouldn't pay any attention to it.
IMO, companies are watched very closely today, and from what I've read, this company is being monitored under all the standards that are in place. Besides, some of the posts I have read, have been written with very poor grammer, and have lots of spelling errors. Legitimate posts, from legitimate sources are written far better than the ones we've seen on this board. Real sources have educated writers that check for grammer and spelling.
Hang-in there.
CCTC went down on Friday because of the markets sell-off.
It was purely technical.
It will be purely technical, as well, when the stock rebounds sharply next week, IMO.
How CCTC is strategically managing its resources,
seccessfully, to the overall benefit of the company and its shareholders.
Form 10-Q for CLEAN COAL TECHNOLOGIES INC.
11-May-2010
Quarterly Report
Effective April 24, 2008, we entered into an exclusive agreement for Cappello Capital to assist us with financial advisory services, specifically the raising of capital through various potential transactions, including, but not limited to, private placements, strategic alliances, sale or merger, divestitures, recapitalization, or strategic acquisition. The agreement provided for us to compensate Cappello Capital through warrants with an exercise price
of $0.05 per share to purchase up to 5% of the Company on a fully diluted basis, with 2% of the warrants being due at the time of the signing of the agreement. Additionally we would be required to pay Cappello Capital a percentage of any financial transaction closed during the term of the agreement. We exercised our cancellation option on September 24, 2009 with Cappello Capital without any transaction being completed. However, under the terms of the agreement, Cappello exercised their signing warrants for a total of 8,814,483 common shares.
****************************************************************
The shares were issued February19, 2009, and the issuance caused us to record a gain of $7,598,481 for the three months ended March 31, 2009.
****************************************************************
The derivative value at each measurement date and the resulting gain or loss from the change in value is determined using the Black Scholes option pricing model.
When our stock price goes up, our derivative value tends to increase and when our stock price goes down our derivative value tends to decrease. Our stock price went down between January 1, 2009 and February 19, 2009 which caused the liability to decrease resulting in the gain. There were no derivatives at March 31, 2010.
greenpar: Excellent point!
...Thank you for making that clear for everyone!!!
http://www.saic.com/
http://www.saic.com/energy/
http://www.saic.com/energy/clean-renewable/carbon-management.html
Clean Coal Technology
SAIC is helping support the development and commercialization of clean coal technology that will transform coal with high levels of impurities and contaminants into an efficient, clean-burning energy resource in power plants. We are also helping assess proprietary technology that will pre-process coal and remove up to 90 percent of pollutants and excess moisture prior to use. These types of clean technologies will help enhance economic development while protecting the health and well-being of people in places like China, India, and the rest of the world.
Supporting Clean Technologies in Developing Countries
Curtailing emissions in developing countries will be a critical challenge to meeting United Nations Framework Convention on Climate Change goals to stabilize GHG that impact the climate. The wide-scale deployment of low- to zero-carbon energy technologies in developing countries represents a key opportunity to reducing these emissions, and SAIC has been helping find and promote technologies that will enable many countries to succeed in minimizing emissions.
http://www.cleancoaltechnologiesinc.com/index.php?option=com_content&task=view&id=4&Itemid=4
Doug Hague - Director, President and CEO
Most recent position was Corporate Vice President of SAIC responsible for directing and developing the company's international strategy and business expansion efforts into the China and India Markets
Held senior executive positions at SAIC, Xerox and Unisys, in addition to private consulting and corporate strategy development
Strong "Positive Divergence" means,
.....a price reversal for next week !
POSITIVE DIVERGENCE:
An example of a "Bullish Divergence" is marked on this daily chart. Note how the reversal days are obvious and decisive... with a piercing line candlestick pattern marking the bottom.
http://www.stock-charts-made-easy.com/images/RSI_Bullish_20041025_HB.png
CCTC should move up on technicals next week, as it is now "OVERSOLD", having broken below "Key Support" of 0.10c
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&mode=table&table=stoch&num1=568
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=1&dy=0&id=p99523907766
Technical Update, Monday, May 17th.
CCTC may have reached bottom on Friday 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. A strong "Positive Divergence" is now in place. CCTC is now positioned for a strong move-up, having reached my target of 0.097c, a 3rd lower low from the high of 0.42c that was set on February 18th. Look for gains all next week, May 17th- May 21st.
I have adjusted the count, to reflect Fridays low, of 0.0880c
Refer to 5-Wave "Elliott Wave" Chart below:
http://www.ensignsoftware.net/images/20-4.gif
Where CCTC is Currently:
Wave 2(red) February 18th - May 14th Corrective Wave
a=.10c b=.185c c=.0880c
Wave 1(red) February 10th - 18th Impulse Wave
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
ALERT: Stochastic is Oversold Buried
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=D&d=L&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=SMACD%2812%2C26%2C9%2C16737792%2C10053375%2C13421721%29&chartindicator_1_code=SMACD&chartindicator_1_param_0=12&chartindicator_1_param_1=26&chartindicator_1_param_2=9&chartindicator_1_param_3=16737792&chartindicator_1_param_4=10053375&chartindicator_1_param_5=13421721&addindicator=&submitted=1&fpage=&txtDate=&x=52&y=7
Technical Update, Friday, May 14th.
I have adjusted the count, to reflect todays low of 0.09c
Wave 3(red) has been removed.
CCTC is in the process of searching for a bottom of Wave 2(red).
Refer to 5-Wave "Elliott Wave" Chart below:
http://www.ensignsoftware.net/images/20-4.gif
Wave 2(red) February 18th - May 14th Corrective Wave
a=.10c b=.185c c=.09c
Wave 1(red) February 10th - 18th Impulse Wave
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
Don't forget, some of the drop today,
is due to the fact that the markets are down sharply.
There is always some percentage built into the stocks price, to account for what the major market averages are doing.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p51188107879
Stocks always move down,
"into positive news announcements".
You must be ready at all times for the possible release of such an announcement, which could happen at 1pm, 2pm, etc.
Stocks can "turn-on-a-dime", ( NO Punn intended ),
so don't give up the ship.
You always want to be ready for the turn when Key Supports get broken !!
0.097c could be the catalyst for a move up, simply because of BUY Programs kicking-in.
Hold steady everyone !!!
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p31846383770
The smallest fraction under .10c,
and "BUY Programs" will kick-in,
and the stock will move up rapdly, and be above 0.1460c, next Monday !!!
0.10c is "Key Support".
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p44324784636
Technical Update, Friday, May 14th.
I have adjusted the count, to reflect todays low of 0.10c
Wave 3(red) has been removed.
CCTC is in the process of searching for a bottom of Wave 2(red). If 0.10c holds,I will add Wave 3(red) back in again, and I will update again with the changes.
Refer to 5-Wave "Elliott Wave" Chart below:
http://www.ensignsoftware.net/images/20-4.gif
Wave 2(red) February 18th - May 14th Corrective Wave
a=.10c b=.185c c=.10c
Wave 1(red) February 10th - 18th Impulse Wave
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
Technical Update, Friday, May 14th.
I have adjusted the count, to reflect todays low of 0.1010c
Wave 3(red) has been removed.
CCTC is in the process of searching for a bottom of Wave 2(red). If 0.10c holds,I will add Wave 3(red) back in again, and I will update again with the changes.
Refer to 5-Wave "Elliott Wave" Chart below:
http://www.ensignsoftware.net/images/20-4.gif
Wave 2(red) February 18th - May 14th Corrective Wave
a=.10c b=.185c c=.1010c
Wave 1(red) February 10th - 18th Impulse Wave
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
It's true that you could have bought more waiting until today,
however, with this stock, the prudent thing to be doing, is to be buying at the time the stock is in the lower level of the channel, and accumulating as the stock is breaking under a recent support level, and is under the ( blue M.A, which is the 9-day M.A., when the 9-day is under the 18-day, which is under the 50-day.
Any price under .14c is a good price to be buying at, since that is the middle of the channel, with the high being .18c, and the low being .10c.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p04010980303
Any price under .10c is the bottom!
Any price under .10c is the bottom!
We might get a Pop-Up this,
morning. Looking at the MACD Line, it looks ready to crossover the ZERO line.
http://barchart.com/chart.php?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=SMACD%2812%2C26%2C9%2C16737792%2C10053375%2C13421721%29&chartindicator_1_code=SMACD&chartindicator_1_param_0=12&chartindicator_1_param_1=26&chartindicator_1_param_2=9&chartindicator_1_param_3=16737792&chartindicator_1_param_4=10053375&chartindicator_1_param_5=13421721&addindicator=&submitted=1&fpage=&txtDate=&x=77&y=6
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p95811384472
daytrader2004:
Yes, I think the .09 level could be tested today, and the move could come next week, as well.
On hlxw, IMO, the stock price already reflects the points you outline. I think it is a good buy right now technically, seeing how it is under recent support of 0.081c.
I BUY on overshoots under support that have a 1-2-3-4-5, or an A,B,C correction down under the support, which is what I see with this stock. I'm definitely a buyer here at 0.05c
http://stockcharts.com/h-sc/ui?s=HLXW&p=D&yr=0&mn=6&dy=0&id=p37163393660
Technical Look for CCTC, Friday, May 14th.
Refer to 5-Wave "Elliott Wave" Chart below:
http://www.ensignsoftware.net/images/20-4.gif
Wave 3(red) April 12th - May 4th Impulse Wave
1=.1850c 2=.1060c 3= in progress
Wave 2(red) February 18th - March 23rd Corrective Wave
a=.1081c b=.18c c=.10c
Wave 1(red) February 10th - 18th Impulse Wave
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
How Calculating Wave 3 is done,
http://www.optionsoutlet.com/trading_technicals/images/improv31.gif
Wave 3 =1.618 X wave 1, and then added to Wave 2 Low
Wave 3 =( 1.618 X .42c ) = 0.679c,
Wave 3 =( 0.679c + .10c ) = 0.779c Target for Wave 3
Wave 1 = .42c (Feb.18th High)
Wave 2 bottom = .10c (Mar.22nd Low)
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=0&mn=6&dy=0&id=p25806527931
Technical Look for CCTC, Friday, May 14th.
Refer to 5-Wave "Elliott Wave" Chart below:
http://www.ensignsoftware.net/images/20-4.gif
Wave 3 Impulse Wave (red) April 12th - May 4th
1=.1850c 2=.1060c 3= in progress
Wave 2 Corrective Wave (red) February 18th - March 23rd
a=.1081c b=.18c c=.10c
Wave 1 Impulse Wave (red) February 10th - 18th
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
Stocks go down, "into" GOOD NEWS,
and I expect that "the NEWS", or some kind of NEWS, is about to be released very soon, because of this latest price drop below support of 0.1060c
Either today, or tomorrow, we should get something, in the way of NEWS.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p13115200252
See 96% SELL opinion, this is
Very Bullish, from a contrarian perspective.
96% BEARISH is BULLISH !!!
http://barchart.com/snapopinion/stocks/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=SMACD%2812%2C26%2C9%2C16737792%2C10053375%2C13421721%29&chartindicator_1_code=SMACD&chartindicator_1_param_0=12&chartindicator_1_param_1=26&chartindicator_1_param_2=9&chartindicator_1_param_3=16737792&chartindicator_1_param_4=10053375&chartindicator_1_param_5=13421721&addindicator=&submitted=1&fpage=&txtDate=&x=24&y=9
Seeing more of a possibility for the,
quick test of the 0.097c scenario.
This would set-up a really BIG "positive divergence".
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p44506042317
We now have a "Positive Divergence" set-up!
Price dropped below support of 0.1060c and is sloped downward,
while the MACD Line is rising, and sloped upward.
( Both are now moving in opposite directions ( Divergence ).
This will set-up and eventual reverse in the price trend.
http://www.stock-charts-made-easy.com/bullish-divergence.html
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=1&dy=0&id=p45464161242
Absolutely.
I am rethinking the .097c scenario,
once again.
Still BULLISH, however, a "dip" to .097c (my earlier suspicion), is looking more, and more likely, to me now.
This would be a quick dip, and would reignite the stock which is experiencing "sluggishness" right now.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p62488576746