CNCM - With Unprecedented Volume a Price Breakout Appears Imminent

CNCM, until 3 months ago, lay relatively dormant, with virtually no volume and a price of $.0001.  Since then CNCM shares of CNCM have been getting accumulated at a decent clip, providing the impetus for a 300% move over that time.  The stock seems unable to break above the $.0003 mark, whether its an abundance of sellers at the level, or market maker trickery holding the price down.

Today buyers continue to snag the $.0003's shares in hopes of a move higher, as many of these $.000 stocks have been doing lately.  Usually the volume will be a forward looking indicator while the price lags.  With that being said CNCM appears ready for a price breakout.  The $.0003 level is the one to watch.  A break above this price should send the stock significantly higher.

On a break out - $.001 would be our first target with a subsequent move to $.002 and $.003 if volume and interest persist.

Keep CNCM on watch for a breakout.