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trader53

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trader53

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Re: None

Thursday, 05/06/2010 4:05:58 AM

Thursday, May 06, 2010 4:05:58 AM

Post# of 64330
The Weekly Chart is showing that

the MACD and Stochastics lines are swinging up !!

the price over the last 4-weeks has been trending down!!

These two are both now diverging from each other.
This is called a "Positive Divergence", which is BULLISH, because it means that a short-term trend reversal in price is going to happen.

As the price goes lower, the divergence gets stronger.

http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=0&mn=6&dy=0&id=p71674551939

Waiting on .097c
Target is for .74c next week.
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