Does not appear so. It started its decline whilst the ASX was still rising, so it started earlier from its original pump.
The market fell 2% today, MCC down 2.7%, CCC down 12.3%. That does not signify following the market. The charts posted showing a similarity of start and finish is mathematics easily manipulated for the story wanted to support a given conclusion. That result all depended on a starting date to give a desired result. Pick a different time frame (as in today only) and you get a different picture entirely. The question is, why has it fallen over 6 times greater than the overall market today, and probably one of the worst performers in the coal sector of producers.
Currently half way through the gap yet to be closed at 4.4c with all indicators pointing down. More decline to come.
CCC Price at posting:
50.0¢ Sentiment: Sell Disclosure: Not Held
