As bullish as I am on the fundamentals of CCC, the technicals look bearish, and both Funkymonk and Chartist have called this perfectly.
Chartist cautioned everyone in the weekend blog to look out for a 'sellers' candle and made a comment this morning that the false break above 9cents isn't neccessarily a break of resistance.
Funkymonk as always got it just about right with his volume analysis as well. Gotta give him credit. He copped a fair bit of flack from some interrogating posters, but he's got this one spot on with the "decreasing volume = weakness" call.
Could retrace to low 8s by the looks of things.
CCC Price at posting:
86.0¢ Sentiment: Buy Disclosure: Held
