CCCL Stock Trend

The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $1.18 will give a strong buy signal and a trend shift could be expected.

Given the current horizontal trend, you can expect China Ceramics Co. stock with a 90% probability to be traded between $1.09 and $1.19 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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