Observing the chart and numerous comments on the thread I can make a number of conclusions
- In spite of numerous very positive comments in the thread the SP is moving south and nothing can stop this direction at this stage
- Technically speaking there is only one positive thing that the stock did not cross today the wide band in which it has been traded for the past over 4 months
Here are some negative points:
- In relatively positive market day the stock moved down again on a trading volume increase in comparison with the trading volumes in the past several days, which means that the stock still has not reached a consolidation stage
- Daily candle chart of the stock looks terrible, all black candles are almost all the way
- At this stage 7.5c represents a very strong resistance level
irynka
P.s. I would like to repeat my philosophy: "today it is cheap, tomorrow it will be cheaper."
CCC Price at posting:
69.0¢ Sentiment: None Disclosure: Not Held
