CCC 0.00% 0.1¢ continental coal limited

As oversold as the weekly chart looks (and you can look at my...

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    As oversold as the weekly chart looks (and you can look at my post the other day to see what I was saying about that), the daily chart continues to show weakness.

    * Daily Stochastics are rolling back over
    * MACD showing bearish divergence

    If there is one shining light, the money flow in the stock is starting to pick up, and this could suggest that some buying volume is starting to kick into the stock on a daily level.

    Here's a chart showing an interesting little pattern. I do see 4.4c getting filled before the month is out, and I would be a fool to rule out 3.9c as well while price is down here.

    As much as we want to see CCC fly back to new highs in the second half of the year, now is the time to wait for a confirmed bottom rather than trying to catch a falling knife.

 
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