CCI has broken out of a long "basing process". A long basing process is a good foundation for strong upward momentum ahead. The "break" at 1.6 took us into a "breakout phase" between 1.6 to 2 cents on high volume of about 220 million shares. IMHO the churn/consolidation phase between 1.6 -2 cents is nearing its completion. From here we either (1) collapse back into the basing phase or (2) break-out on volume at 2.1 cents. Stochastistics and OBV are both strongly positive so am looking for a breakout at 2.1. This will trigger new upside targets to 2.4 and 2.9 cents. Good luck to all longs.
CCI has broken out of a long "basing process". A long basing...
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