CCC continental coal limited

the weekly

  1. 326 Posts.
    Indeed get on topic...

    Well, divergence on the STOCH on the weekly, check mate BULLS. MACD close to crossing to the bulls. RSI nearly over sold, not quite.

    Would love to see it touch 20.5c to close out the gap (daily) and respond with a punch from the FIB level (61.8%) with an engulfing pattern. Reality is may not happen, real 50/50 atm.

    A dash to 20.5c will be good believe it or not. At an end of a trend 9/10 you'll see a dash in one direction before the big shift. Catches people out.

    Next run to 34-36c on the FIB extension, thats the reality of it. PB has them at 36c... Brokers have them at the same mark. So 36c next target imo before a correction to 26-28c.

    Of course, fundamentals could decide. But with JB buying I have a hunch we are 1-2 weeks away from big news (aka botswana). I hope im wrong of course.

    When fundys are in doubt, look to the chart.

    End of week is a check mate bulls and farewell bears.

    Good luck, buy what ever you can 20.5-21.5c.

    Looking good boys, looking real good. Ignore the free share and the ramble, means nothing to the chart or CCC's outlook.

    Dare you to short it Hairy, dare you ;)

 
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