CTYX - It's Hammer Time

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CTYX traded in a wild session, providing on lookers an entertaining view of a battle between the bulls and the bears.  The stock opened at $.0006 briefly hit $.0007, then fell as low as $.0003 late in the day, as the bid remained under constant pressure.  And then suddenly, it was as if the clouds hanging over the stock lifted, and investors were able to see the true value behind this stock.  CTYX mounted a remarkable rally into the close posting a sizable 40% gain.  It was a site to behold.  I suspect there were many who through in the towel today, but there were also some ready to jump in when the price was right.  That explains the late day rush into the close. I fully expect this positive momentum to carry through the rest of the week and CTYX will be over $.0025 at some point in the near future.  That is my view.  The only thing that will change that view will be a share structure change.  Other than that this stock has a lot of room to go to the upside.

Why do I say it's hammer time?  Today CTYX printed a hammer on the chart.  This is a technical signal notorious for marking the end of a bearish trend.  The bears tried to push CTYX back down, but the bulls took over lifting CTYX higher.  Also one of the market makers who has been leading the selling moved to well over $.001 a share late in the day.

One of the best parts about today's trading session is that after a big sell-off the momentum players leave and you are left with shareholders who have a true belief in the stock and the company.  In order to maintain a new uptrend, if indeed we are starting one, shares need to be held for higher prices.  Those who didn't panic at today's lows likely won't be assaulting the bid on the way up either.

I am not telling CTYX shareholder's to go out in the street and dance, although they are more than welcome to do so.  I just want them to know that today's hammer and late day trading both point to more gains on the horizon.