While watching Tim's video lessons, I stumbled across a pattern that was striking my memory; he was talking about $OCRX and explaining what it was doing. I swear it looked so familiar, so I looked up $CYCC again on my charts from today, and there it is.
It had almost the same morning pattern of initial premarket spike, dive at the opening, then throughout the day it climbed and held near day high. What struck me the most was the after-market pattern was almost exactly the same.
First take a look at $CYCC
Now take a look at $OCRX
Notice how afterhours pattern has that nice curve and held above the day high. That lead to a premarket holding it above that and then at the open the stock took off for another green day, breaking out into even higher highs.
I'll be watching this pattern on $CYCC closely in the morning and if it can hold above last day's high, I will buy into the dip if it comes near that support. i will not buy if it shows any weakness or hardly any support and a lot of sellers.
Odds are that $CYCC has another green day, but I won't be surprised if that was all it had since the overall market is kinda weak right now.


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