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Saturday, August 07, 2010 12:46:47 PM
... would have supported the price rise, then I would say that a good follow-thru move up on Monday, is a good possibility.
HOWEVER, since there wasn't any "GOOD NEWS" to support the rise, my guess is that you may see a "blipp-up", slightly above 0.10c to "cap" Fridays high, and bring in the "SUCKERS", and then MM's will "SLAM" the stock hard, and it will be right back down into the 0.04's, in either one, or two days time.
Notice the RSI and the CCI.
Both are at levels equal to the highs reached back in February when the stock hit 0.042c. These levels are indicating oversold conditions. You will take on risk BIG TIME, by either BUYING at this level, or holding your shares waiting for a follow-thru. If you didn't sell on Friday, you better enter you SELL orders early Monday morning and try to get out at 0.09c, or higher.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p76150644120
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