Auswedes you're having a jolly old time in this thread aren't you. Here are the weekly indicators for you, and anyone else interested for that matter.
Stochastics are pretty much as low as they can go. What does this tell us? Selling momentum is unsustainable at these prices, and the share price is long overdue a reprieve to the upside.
MACD is showing some bullish divergence. What does this tell us? Hard to explain, so I'll use an analogy. Picture two cars racing. The car in front are the moving averages, and the car behind is CCC's share price. The MACD histogram reflects the distance between these two, and as they get closer, CCC begins to gain momentum by "slipstreaming". Okay, bad analogy yes, forgive me, but hopefully you get the point. As the MACD starts to move upwards while price continues to trend downwards, it shows us that CCC is infact gaining 'strength' relative to its prior trend.
Finally the money flow is starting to turn upwards which reflects that there is some buying volume finally hitting the stock, but we need more to buck the trend!
CCC Price at posting:
49.0¢ Sentiment: None Disclosure: Held
