China Ceramics Co Ltd ($CCCL) - Bullish Flag or Bear Trap?
China Ceramics Co Ltd ($CCCL) is worth adding to your Watch List this week!
China Ceramics Co., Ltd. was founded in 1993 and now based in Jinjiang city, Fujian province of China. China Ceramics involves in the market of ceramic tiles. These ceramic tiles are sold domestically and worldwide, used for exterior siding and interior flooring of residential and commercial buildings.
Needs to trade above $1 to remain nasdaq complaint, so could see some volume or dilution.
$CCCL 1D 30M Technical Analysis:
Bullish buy-zone: holding 0.85/0.87 area for leg up to $1.
Bearish: A break below 0.85 and low volume.
Volume dying down... worth watching market open.
DISCLAIMER: Not a financial advisor. Just sharing my opinion on potential price action if volume comes in. Opinions are my own, please do your due diligence. Do this out of passion!