The moving averages as well on CCC... hmmm definitely doesn't...

The moving averages as well on CCC... hmmm definitely doesn't look healthy TA wise.

i like the look of ABU from your chart... will keep on the watchlist..

here is my stab at it:


- volume up days, since may 2010... with only 1 day being a blimish 18 Oct roughly.
- MACD higher highs and higher lowers... moreso evident on your weekly chart. (good stochs pickup as well)...
- the only repeating range i found since 2009 is the one highlighted. Other ranges seem a bit to unrealistic, and dont want to be pasting arrows for the sake of it. The range has been completed, and no consistent price action has taken place post this range.
- its at 1/2 the range from the low to the high (50% level) at the moment, with some decent horizontal resistance above it
- volume on price shows the majority of shares within the 2.0 to 4.0 price range (nearly all of them... prob a cap raising during historically low prices... much like all asx micro's considering the gfc).. but could act like gravity to the price and keep a lid on it in the near future.
- the M&A ribbon seems to be opening up.. but is it enough?

Just my view on the TA. but still worth watching.