China Customore Relations Centers INC ORD (CCRC)

[Ex Blockman]

CCRC Chart - An easy one to follow and swing trade. After breaking over a double top formation, CCRC ran to a new all time high of $14.76. The technicals became a bit overbought and saw the anticipated correction to the MA50 about two weeks ago. A recovery of just over 40% but a failure to hold more than just one day above the horizontal resistance line just under $12.00. The second correct saw the stock drop once again to the MA50. As previously, holding for two days, the stock reversed once again to the upside. Back to the resistance line established months ago. Be quick to move as the FullSto and MACDs aren't there quite yet. Plenty of room to the downside should the MA50 not hold.