Sunday, June 20, 2010 8:39:40 AM
You will also notice that when the stock dips under recent Support, a PR gets released, causing the stock to rise above the support, which is now called resistance, and that is the time to SELL. Always, always SELL on NEWS.
It's a very good idea to be buying the stock when it dips under the support, then SELL the stock if you can, on the release of the PR, when you can expect that the price will move above the support/resistance level.
There have been many opprtunities to play this stock this way over the last 5-months, and I expect that going forward, there will be many more opportunities.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p66322218164
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