Friday, April 30, 2010 12:03:35 PM
IMO,
CCTC will unfold in the same manner as this other stock.
Both are similar.
Both had a BIG 1st leg up, or Wave.
Both had consolidation phases, or corrections of the 1st impulse move, or leg, or wave.
the other stockbottomed in its 11th week of the consolidation channel, going under .71c by a penny, to .70c. It formed a base for the next week. The price was under the blue M.A., which was under the red M.A, which were both under the green M.A. This is what I look for ! You may refer to this pattern as either a "BULL FLAG", or a "Pennant", and although it does't fit the text book criteria for its form, it is very close to both in likeness.
http://stockcharts.com/h-sc/ui?s=AGEN&p=D&yr=0&mn=6&dy=0&id=p80431924254
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p72736674714
My measuremnts of prices, call for a target of at least .74c for a high, once the stock breaks out above .18c. (.42c -.10c =.32c)
(.42c + .32c = .74c )
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