It is likely that 7.5 cents will be a resistance point (short term)because (IMO) holders may offload at this point to either realise a profit or gain money back if they are a T+1 or T+3 trader and concerned about a (second) smaill retrace, hence my opinion as to 7.5 being a resistance point... this does not mean it wont break this point.
Closing of 6.8 cents on friday with a high of 6.9.. opening of 7.2 cents low of 6.9... from past experience i like to see the 'gap' being closed completly to either the previous day high or closing price. It would not be unhealthy to touch 6.8 cents the bounce up.
Hope this clears up my apparent unclear post...
CCC Price at posting:
71.0¢ Sentiment: Buy Disclosure: Held
