Friday, March 26, 2010 4:03:59 AM
We need upwards of 80 Million shares ( beating the previous volume of Feb.18th ) to carry the stock to above .42c
The next move can't stall out at, say .26c
The next move must go all the way up past .42c on over 80 Million shares to show conviction.
Make no mistake, I feel as though CCTC will ultimately go to a minimum of .74c, but it may take sveral months to do it, depending on the timing og the releases and their substance.
Volume and the PR News are the key factors in determining how long it will take to get to .74c. If volume is 80 Million and the stock can get thru ..42c on the next move, then .74c is reachable soon. I f volume is lighter than that and only reaches .26c say, than, .74c will take sveral months to reach.
For now, we are waiting on a good 10K, and a PR with the words "SIGNED, FEES, etc.", and huge volume.
How I come up with .74c as a target is easy:
Technically, you subtract .10c (the low set on Feb.24) from the high of .42c ( set on Feb.18 ) which equals .32c. You then add the .32c to the .42c high and you get .74c. This is called the "Swing".
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p78677964751
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