I was asking for examples where a MC moved strongly as a result of consolidation.
As I said before, often investors react negatively, probably because they ask why it was deemed necessary.
On the matter of the 2year chart. I realize that CCC is a transformed company over that period, however from a purely TA perspective (who cares if it is apples or anchors), the mirrored performance with support/resistance and trend-lines is uncanny.
My call is that the selling is easing and that with a longer time frame than days or even weeks, CCC is set to rebound, I reckon.
cheers, esp.
CCC Price at posting:
78.0¢ Sentiment: LT Buy Disclosure: Held