chart of the days action and future resistance, page-9

"Buy support sell resistance that's their mantra."

I always wondered what those Maccas traders had stickered on the top of their monitors Funk.

I have absolutely no doubt that there will be resistance at 8.5c.The big question for me is, will whoever was buying today amongst the day traders with those chunky buys be a major accumulator and just how much of the buying will consequently find its way back onto the market in the form of profit taking.

The other thing that interests me about the CCC chart is that it has quite a revealing structure about it since it gapped up above 5c with a couple of spikes then it settles and accumulates in a distinct band.Imo there is INTENT in this structure and there are those that have vested interest in creating such a chart pattern,profit being foremost!

Interesting couple of days.

Nice to just sit back and read the threads after all the previous research/posting.

d.