CTIX Daily Chart Notice two high volume da
Post# of 72440
CTIX Daily Chart
Notice two high volume days as Wave 2 continues, with today's bar closing at the tip and above Key Resistance @ $1.18
Today is also a Wide Range 7 bar, as was yesterday, and both days were W7 volume days, with today's volume being higher than yesterday.
As noted by noretreat, this is the highest close ever for CTIX! And that on well above average volume passing two resistance lines in two days.
As noted by BioHedge, there was volume loading back in a three day period 9/10 -9/12 that was followed by a large volume parabolic move up on 9/24. This could repeat if some medium sized players are involved, or these last couple days could be just the new attention to CTIX due to the good PR.
Notice also that the green trend line which coincides with the 50 Day MA has held since September 4, 2012, with no single day closing below. A strong up-trend which now has several good news PRs boosting it, and more potential catalysts to come. (Hopefully good, but not guaranteed)
The 100% Wave 2 target is conservative, these can easily go to ~160%, and that is in an exchange listed stock. CTIX is still low volume, flying below the radar and could react much stronger to greater expose and key news events.
All together, a very satisfying second day rally, especially if you note the last two green bars of Wave 1 were stopped by the Resistance @ $1.11 which gave pause today, and was blasted through today, closing above Key Resistance @ $1.18
The rest of the week should be interesting as CTIX is in entirely new price action.
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