CCC 0.00% 0.1¢ continental coal limited

notice received, trading halt, page-19

  1. 599 Posts.
    I have witness a trading range with support at 6.5c+

    The selling pattern that struck your nerve seems to be controlled by the traders. Relatively low volume with 7c+ continuously broken down to under 6c. However, there has always been a buyer which signals consolidation in my opinion.

    Pointless now to speculate about a Capital Raising and going soft over the recent selling. Remember it has always been this pattern over the past weeks. My take is that there is only upside for CCC. 6-6.8c presents a buying opportunity against the odds.

    Mining permits, infrastructure, workers and a commodity used predominantly for local coal production with a projected limited availability of coal is a logical indication to an investor that plenty of upside will eventuate for this emerging coal producer.

    All the best to all holders

    LM


 
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