Friday, June 25, 2010 4:08:13 AM
CCTC is well positioned for a strong rally today. 0.055c is our support. The stock may have ended the corrective phase yesterday on Thursday, when it made this low of 0.055c. As long as 0.055c holds, CCTC looks good to hold here.
The "RSI" is trending up since June 11th, while the price has been trending down, a sign that the price trend should reverse here soon. We have been under support of 0.062c now for 3 consecutive days, and are due for a bounce because of this "divergence".
The "Full Stochastic" has turned up, and is trending up, while the price has been trending down, since June 11th, and is under the 20 level, a sign of being oversold, and positions the stock for a move up today and next week. We have been under support of 0.062c now for 3 consecutive days, and are due for a bounce because of this "divergence". The move up may be a move of 0.04c or more. First resistance is 0.08c.http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p84151695646
The resistance level of 0.114c continues to be the "key" to the upside potential. If the stock can get above 0.114c, there is no "resistance" until 0.27c, and once that is penetrated, the stock can then move up fast, to over $1.00.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p99232003695
http://www.optionsoutlet.com/trading_technicals/images/improv25.gif
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p78058708735
CCTC may have reached bottom Thursday June 24th, at 0.055c, to establish Wave 2(red),
(a,b,c corrective phase).
http://www.optionsoutlet.com/trading_technicals/images/improv32.gif
Wave 3(red) may be beginning,
CCTC is now positioned for a strong "Impulse" move-up. A NEW, "lower low", is now in place at 0.055c, from the high of 0.42c, that was set on February 18th.
Refer to 5-Wave "Elliott Wave" Chart below:
http://www.ensignsoftware.net/images/20-4.gif
Where CCTC is Currently:
Wave 3(red) June 25th ( Possible Impulse Wave ???)
Wave 2(red) February 18th - June 10th Corrective Wave
A=.10c B=.185c C=.055c
Wave 1(red) February 10th - 18th Impulse Wave (6-days)
1=.05c 2=.035c 3=.13c 4=.12c 5=.42c
STOCHASTIC ALERT:Stochastic Oversold Buried
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=stoch&mode=table
TREND ALERT: Intermediate Downward Sloping Trading Channel
Short-Term Downward Sloping Trading Channel
http://www.stockta.com/cgi-bin/analysis.pl?symb=cctc&table=trend&mode=table
http://barchart.com/chart.php?sym=CCTC&style=technical&p=DO&d=O&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=SMA%2820%2C16711680%29%3BMFI%2814%2C255%2C100%2C39168%2C16711680%29%3BSSTO%2814%2C3%2C16763904%2C6724095%29&chartindicator_1_code=SMA&chartindicator_1_param_0=20&chartindicator_1_param_1=16711680&chartindicator_2_code=MFI&chartindicator_2_param_0=14&chartindicator_2_param_1=255&chartindicator_2_param_2=100&chartindicator_2_param_3=39168&chartindicator_2_param_4=16711680&chartindicator_3_code=SSTO&chartindicator_3_param_0=14&chartindicator_3_param_1=3&chartindicator_3_param_2=16763904&chartindicator_3_param_3=6724095&addindicator=&submitted=1&fpage=&txtDate=&x=49&y=5
*From January 21 to February 10, the "Price Trend" was moving down, while the "Money Flow Index" was moving UP!
Result: Strong Impulse move UP! 0.034c to 0.42c
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p48985758817
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