Shooting star candle signals potential reversal. Looks like exhaustion to me also Funkster as supply above the break suggests along with divergence in Stochastics. The break of 26.5 has held but Monday is the key for any bullish follow through. As the trend started and wave one punched the 50sma it came back to test it for wave 2 then the impulse to 26.5 for top of wave 3 then 27.5 for wave 5. Anyone concur the count. 38.2% fib is 23.7 which keeps your 23.5c volume support in place. 50% fib is 22.5c which is in the middle of the wide spread Feb 6th bar. I'm finding it interesting reading your va it makes good sense. This is a nice liquid stock and sm will likely milk all legs....yada yada yada off to work...
CCC Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held
