Thursday, April 01, 2010 6:43:48 AM
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p95218428933
This chart shows that CCTC is at the APEX of either a "Descending Triangle", or a "Symmetrical Triangle".
What this means is that BUYERS and SELLERS are near equal!
For the last 6-1/2 weeks, traders and investors have finally come to a place where the scale is finally even.
From the high of .42c set on Feb. 18th, market participants have digested all the available news and have come to a conclusion about the direction of the company and the stocks price, in the form of a correction, or consolidation of the gains made from the low of .037c to .42c.
This "Triangle", is a BULLISH pattern. The breakout from this APEX can take on several forms by first dropping down and then rocketing upward, or move up sharply first and build upon the upward movement. The direction will be the same in either case...UP,UP,UP !!!
The scale was tipped in this direction on Feb. 17th, by the volume.
Make no mistake......CCTC is headed UP! The tide has turned!
CCTC is now in a BULL PHASE. The first Leg up has established itself (.03c to .42c), and it is now set up to establish the 2nd Leg up.
GLTA !!!!!
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