CCA trade ideas
CCA - Trade PlanMy Trading Bias is Bullish as we have witnessed a clear break of the Bullish Wedge Pattern (Triangle) coupled with High Volume and MACD Cross.
TP - 0.160 (Potential 25% Gain)
Stoploss - 0.085
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
CCA - Bullish Trend line Support IntactBullish Trend Continuation Indications:
1. Upward Bullish Trendline working as Support for price.
2. Have been consolidating above the trendline which is a positive sign
3. I would wait for price to close above the previous Green Candle's High on the Daily Timefrme to give me confidence that
Buyers are in control and they want to take it higher.
4. If price closes below Wednesday's low (0.135), then this trading plan will not be executed.
5. If I take a position, my target will be 0.210 (Previous Resistance), which may give a 40% gain on the position.
6. I will be closely watching and see how it develops further to take a buying position and will update accordingly.
Note: Please note these are my notes for my own future reference. By no means trading advice to anyone. Please do your own research before entering into any trade.
ASX:CCA - Micro cap, fantastic setupAt a market cap of only $17M, ASX:CCA has presented a high risk/high reward trade opportunity.
Here's why I'm bullish:
Location: Reload zone
Structure: Double bottom off the 786
Divergence: Div in OBV, Willy (coming out of stupid), confirmed histogram div + RSI div (crossing over 50)
Let's get it!
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Change Financial Limited Payment and Card Issuing platformChange Financial Limited stock rallied by more than 200% after the company confirmed the development of innovative payment and card-issuing platform. Designed as a new standard for innovative payment and card issuing, the platform allows banks and businesses to customize and launch payment solutions under their brand.
The payment platform includes a program dashboard for managing patent programs in real-time as well as a Data Insights Dashboard that enables easy access to data-rich customer’s information. It also comes with API connectivity that allows the rollout of programs and new features that customers want. An integrated Mastercard Processor takes payment processing to another level.
The company has already obtained certification for the platform. The Central Bank of Kansas City has also approved the registration of the company as a Mastercard payment processor. Following the accreditation, Change Finance Limited is embarking on an aggressive commercialization drive for the platform. The company is targeting as many as 7,000 Federal Deposit Insurance Corporation and 6,000 credit unions with the new platform.
CCA almost hit the ceilingChange Financial Limited, formerly ChimpChange Limited, is an Australia-based company, which is principally engaged in providing mobile banking services through the ChimpChange mobile application. The Company operates in the United States banking and financial services market.
MA RT (40) crossover UP benchmark level for The Industry of IT (Software & Svcs) happened since 30-Oct, and
MA RT (40) crossover UP benchmark level for CCA.AX happened on 4-Sep-2017.
With the midas touch graph by VectorVest, CCA did not run as well as MYQ, due to the low value of RS (0.83 - 0.84) since September, but
CCA.AX has a Relative Timing of 1.92, which is excellent on a scale of 0.00 to 2.00.
CCA.AX has a VST rating of 1.34, which is very good on a scale of 0.00 to 2.00.
We may put it into a watchlist. wait for the retracement to buy lower.
