On January 25th, CCD exploded upwards. It's climbed 113% in the last five days.
Bulls may be aiming for bears' stops above the $0.01544 swing high. Above this high, a weekly gap from $0.01544 to $0.01673 could provide resistance. Tuesday's news could help the price pop above this high, possibly stall as some traders "sell the news."
Bears' stops above swing highs at $0.01934, $0.02117, and $0.02310 may be the following targets if the rally continues.
The weekly chart shows that bears rejected bulls near $0.02068. This level could provide resistance again. If it breaks, the weekly gap inside a monthly gap near $0.02310 might offer the next resistance.
An area around a daily gap starting at $0.01322 and multiple old swing highs down to $0.01201 may offer support. This area will soon contain the 9 EMA.
If this support breaks, a daily gap at $0.00958 might be the next support. This gap may soon contain the 40 EMA.
Below this gap, another daily gap at $0.00819 and near the rally's origin could provide sensitivity. However, a drop this low may be aiming for bulls' stops under the January open near $0.00710 and $0.00620.
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