CTIX Alerts 08/25/2014 16:29:43 $CTIX
CTIX Daily Chart
Another fun day for CTIX shareholders.
While the percentage gain today, 3.96%, may not seem exciting, the price action is for several reasons.
1. CTIX cruised right through resistance at 2.05 like a hot knife through butter. One can almost dismiss that level at this point. I now show 2.05 as purple, meaning it is morphing from resistance into new support.
2. Former resistance at 2.00 can now be considered support after only two days closing above because:
A. The higher resistance line saw the bar close above and the next higher level tested.
B. No dip to 2.00 today.
C. Increased volume for two trading days.
3. CTIX saw only the three days with price action at the key 2.00 region, with the last two trading days closing above. Unusually strong price action.
4. High volume. Looking at the green line on the volume histogram shows this 7 day rally all with above average volume, and the highest 7 day volume of 2014
5. CTIX made and closed at a new High Of Year (HOY) and the High OF Day(HOD) The round number effect makes 2.10 more significant that the prior HOY of 2.09, or the resistance high just before that of 2.11 (As a round number, 2.10 should also be much less powerful than 2.00)
Today's volume of 698,454 approached the 804,704 volume of the big green candle on 8/18/14. The tighter range bar today is expected as CTIX had a near resistance to deal with, a parabolic height, and a high RSI, all of which entail some selling pressure on the way up.
All in all a strong looking chart. Yes a bit over bought, but, CTIX is heading into catalysts. News and rumours always have the power to trump mere technicals. Last Friday's break above 2.01 signaled that the CTIX train was leaving the station a bit early. Resistance at 2.00 was indeed futile*, and it was pay up time for fence sitters. Today's move was the result.
*Good call Rally Monkey
Where to from here? Well... the price action for any day is always determined by the buyers and sellers that day. CTIX remains constrained by the larger Bull Flag of 2013 which extended into 2014, and has the all-time high of 2.47 to contend with prior to blue skies. But the chart looks strong and on balance, I see good potential for additional pre-catalyst rally action.
CTIX Daily Chart, click to enlarge
.
RALLY MI SEH!
I will let Big K clarify on SP impact from potential partnerships as he seems to have a great handle on that. I was speaking purely from a return on investment perspective on the poly assets alone. The company spent 5 million to get the assets. A successful 2B and partnership is likely to net a 50-100mil up front payment from a partner, thus my 10-20 bagger comment.
As for how much I think the actual stock price could increase, that really depends as theres so many other things in motion and the devil will be in the details of any partnership deal the company signs for P3. My rough guesstimate is a partnership for P3 gets us a 2-4x price increase very rapidly. Just my wild guess though, with K so far along any big news there could really add rocket fuel to the potential here.
CTIX Stock Message Board http://investorshangout.com/Cellceutix-Corpor...TIX-87375/
Progressive thats what I wanted to hear.
You are very logical and persuasive and that last post has given me much to be happy about.
When this share price explodes as most of here believe I would like to buy you dinner at the establishment of your choice.!!!
2.10 has made me very happy and confirms the break out is under way !!!
When you say you feel B alone could cause this to be a 10-20 bagger, from what entry point are you speaking of, or are you talking about from this point?
I'm long and waiting from the promise land, but just trying to gauge where you feel this would end up just after the B deal for Phase 3, if that's the route Leo goes.
Thanks, what a great summary and outlook. I'm not as technical or experienced as most of you here when it comes to Cellceutix, but I got in close to a year ago after a casual conversation with a co-worker and can't be happier that I did. Holding on to a little over 10K shares and waiting for the magic to happen!
Thanks all, I tried to elaborate on the Poly situation as best as i understood it, and from the few others that have commented it sounds like my understanding was correct. I know there was one former poly shareholder that came over here once we picked up the assets, hopefully he will chime in as he had a real wealth of knowledge on poly and the unfortunate situation there. He came here to follow brilacidin, which i think speaks volume in itself considering what a tough situation that was to be a shareholder in. Always happy to share my opinions to help others in their own DD. Rock solid day again today, let's hope for many more to follow!
How many eyes are on us here at ihub? CTIX #4 most read board with over 32,000 reads in the last 24 hours. Over 3,600 reads in the last hour alone!
I love this pps movement as much as everyone else on this board. Does anyone else think this could be a leak on K more than a anticipated release of data on B?
I think you describe the situation leading up to the acquisition quite well. And your scenario for the next couple of years is just plain beautiful.
Sticky worthy!
My thanks to The Progressive, that was a good explaination; one I could follow and give creedance to, I appreciate it.
GO CTIX!
Breaking News.....
Way to go Rally Monkey! Highest close this year. Go CTIX!
Someone got all but 3700. Nice close at $2.10 with 619k traded.
CTIX closes HOD & HOY @ $2.10
2 1/2 minutes to take out 14k at $2.10. Who will step up?
This is what Menon said in the Aug. 4 PR..." We are hopeful that in just a few short weeks the capabilities and potential of Cellceutix compounds will become even more known in the scientific, academic and investment communities.” - See more at: http://cellceutix.com/cellceutix-believes-bri...xFoAg.dpuf
Meethinks this high volume rally is providing us an update on at least one platform, perhaps more than one.
Sometimes price action speaks louder than words!
But no doubt PR updates are coming as well. Exactly when we'll have to wait and see. But yes there was a correspondence mentioning August.
Cannot tell many mm's look to be hiding.
How many total? Looks like we have a who-will-blink-first game near the end.
CTIX Daily Chart
Another fun day for CTIX shareholders.
While the percentage gain today, 3.96%, may not seem exciting, the price action is for several reasons.
1. CTIX cruised right through resistance at 2.05 like a hot knife through butter. One can almost dismiss that level at this point. I now show 2.05 as purple, meaning it is morphing from resistance into new support.
2. Former resistance at 2.00 can now be considered support after only two days closing above because:
A. The higher resistance line saw the bar close above and the next higher level tested.
B. No dip to 2.00 today.
C. Increased volume for two trading days.
3. CTIX saw only the three days with price action at the key 2.00 region, with the last two trading days closing above. Unusually strong price action.
4. High volume. Looking at the green line on the volume histogram shows this 7 day rally all with above average volume, and the highest 7 day volume of 2014
5. CTIX made and closed at a new High Of Year (HOY) and the High OF Day(HOD) The round number effect makes 2.10 more significant that the prior HOY of 2.09, or the resistance high just before that of 2.11 (As a round number, 2.10 should also be much less powerful than 2.00)
Today's volume of 698,454 approached the 804,704 volume of the big green candle on 8/18/14. The tighter range bar today is expected as CTIX had a near resistance to deal with, a parabolic height, and a high RSI, all of which entail some selling pressure on the way up.
All in all a strong looking chart. Yes a bit over bought, but, CTIX is heading into catalysts. News and rumours always have the power to trump mere technicals. Last Friday's break above 2.01 signaled that the CTIX train was leaving the station a bit early. Resistance at 2.00 was indeed futile*, and it was pay up time for fence sitters. Today's move was the result.
*Good call Rally Monkey
Where to from here? Well... the price action for any day is always determined by the buyers and sellers that day. CTIX remains constrained by the larger Bull Flag of 2013 which extended into 2014, and has the all-time high of 2.47 to contend with prior to blue skies. But the chart looks strong and on balance, I see good potential for additional pre-catalyst rally action.
CTIX Daily Chart, click to enlarge
.
RALLY MI SEH!
I will let Big K clarify on SP impact from potential partnerships as he seems to have a great handle on that. I was speaking purely from a return on investment perspective on the poly assets alone. The company spent 5 million to get the assets. A successful 2B and partnership is likely to net a 50-100mil up front payment from a partner, thus my 10-20 bagger comment.
As for how much I think the actual stock price could increase, that really depends as theres so many other things in motion and the devil will be in the details of any partnership deal the company signs for P3. My rough guesstimate is a partnership for P3 gets us a 2-4x price increase very rapidly. Just my wild guess though, with K so far along any big news there could really add rocket fuel to the potential here.
CTIX Stock Message Board http://investorshangout.com/Cellceutix-Corpor...TIX-87375/
Progressive thats what I wanted to hear.
You are very logical and persuasive and that last post has given me much to be happy about.
When this share price explodes as most of here believe I would like to buy you dinner at the establishment of your choice.!!!
2.10 has made me very happy and confirms the break out is under way !!!
When you say you feel B alone could cause this to be a 10-20 bagger, from what entry point are you speaking of, or are you talking about from this point?
I'm long and waiting from the promise land, but just trying to gauge where you feel this would end up just after the B deal for Phase 3, if that's the route Leo goes.
Thanks, what a great summary and outlook. I'm not as technical or experienced as most of you here when it comes to Cellceutix, but I got in close to a year ago after a casual conversation with a co-worker and can't be happier that I did. Holding on to a little over 10K shares and waiting for the magic to happen!
Thanks all, I tried to elaborate on the Poly situation as best as i understood it, and from the few others that have commented it sounds like my understanding was correct. I know there was one former poly shareholder that came over here once we picked up the assets, hopefully he will chime in as he had a real wealth of knowledge on poly and the unfortunate situation there. He came here to follow brilacidin, which i think speaks volume in itself considering what a tough situation that was to be a shareholder in. Always happy to share my opinions to help others in their own DD. Rock solid day again today, let's hope for many more to follow!
How many eyes are on us here at ihub? CTIX #4 most read board with over 32,000 reads in the last 24 hours. Over 3,600 reads in the last hour alone!
I love this pps movement as much as everyone else on this board. Does anyone else think this could be a leak on K more than a anticipated release of data on B?
I think you describe the situation leading up to the acquisition quite well. And your scenario for the next couple of years is just plain beautiful.
Sticky worthy!
My thanks to The Progressive, that was a good explaination; one I could follow and give creedance to, I appreciate it.
GO CTIX!
Breaking News.....
Way to go Rally Monkey! Highest close this year. Go CTIX!
Someone got all but 3700. Nice close at $2.10 with 619k traded.
CTIX closes HOD & HOY @ $2.10
2 1/2 minutes to take out 14k at $2.10. Who will step up?
This is what Menon said in the Aug. 4 PR..." We are hopeful that in just a few short weeks the capabilities and potential of Cellceutix compounds will become even more known in the scientific, academic and investment communities.” - See more at: http://cellceutix.com/cellceutix-believes-bri...xFoAg.dpuf
Meethinks this high volume rally is providing us an update on at least one platform, perhaps more than one.
Sometimes price action speaks louder than words!
But no doubt PR updates are coming as well. Exactly when we'll have to wait and see. But yes there was a correspondence mentioning August.
Cannot tell many mm's look to be hiding.
How many total? Looks like we have a who-will-blink-first game near the end.
