DOING A LITTLE TECHNICAL ANALYSIS AND I LIKE WHAT I SEE....I used a 2 month daily chart for analysis.....beginning on the 23rd of Feb. we started a new uptrend....1st look at the Aroon Oacilator: this gauges the strength of a trend and the likelihood it will continue.....reading's above 0 indicate an uptrend and below zero a downtrend......CCTC is at 20: confirming an uptrend......we crossed 0 on the 23rd....sweet......2nd take a look at the Aroon Indicator: values closer to 100 indicate a strong uptrend, we are at 76 and it clearly shows we are in an uptrend starting on the 23rd.....we crossed the red line (downtrend)that day going from 0 to almost 90 in one trading session, clearly showing the trend has changed to up........3rd look at the ACCUM/DIST OSCILATOR: on the 23rd you'll see people began accumulating CCTC and have continued to for 4 trading sessions......even though price dropped, people were accumulating shares not distrubting them, which confirms my realtime posts that MM's were dropping the price so people could accumulate shares and wasn't a reflection of people dumping.........4th look at Chaikin Money Flow: this shows on the 13th money began flowing heavily into CCTC and that it peaked on the breakout day.....the nice thing is, even though we've pulled back not much money left CCTC and strating on 23rd money began flowing back in even though price dropped.........this is an extremely Bullish Signal.....when you see the price drop and money flowing into a stock this is a major signal that a rally is coming......share price doesn't always dictate what is really going on, but the indicators do........5th: the DMI(directional movement indicator) clearly shows that buying pressure has remained in control.....green line= buying pressure/ red line selling pressure and black line is the avg.....green is at 28.24 and red is at 24.04....this shows that even though we've pulled back 70+% from high that buyers have remained in control.....extremely bullish.........6th Parabolic Sar: this idicator, developed by J. Wells Wilder, basically shows that if a stock is trading above the PSAR it's a buy and below the PSAR it's a sell...(great indicator for traders)...right now the PSAR is at 0.008....this makes CCTC a screaming BUY......look at the dots....dot above share price = a sell and dots below share price = a buy....very easy to read and works great for daytrading as well..........7th: Fast Sto: we're at 25.52 on the fast sto.....high fast sto is a sell signal and a low fast sto is a buy signal.....at 25.5 we've got a buy signal.....this shows that much of the risk has been eliminated in purchasing now and that we have plenty of juice left for a rally....when fast sto crosses 50 to the upside we're looking at rally time.....when fast sto is pegged to top you sell and when it's pegged to bottom you buy.....a high fast sto shows no juice left for a rally, but at 25 we've got some serious room to make a major move to upside.......8th MACD: we've been uptrending on MACD since begining of Feb....the signal line is at -0.090....once that crosses 0 to the upside this will be another major buy signal....we're almost there and are at the best level on MACD since the 2nd week of Jan. and are trending higher.....I could go on and on w/ more indicators and more analysis, but I think you get the picture.....IMO we're looking really good and I see a rally coming in the near term and a retest of the breakout highs......all of this is strictly my opinion and I'm not telling people to buy or sell, just letting folks know what I'm seeing through technical analysis..........
