G'day,
We are seeing more nice consolidation on CST. Base support is now assured.
The run through $2.60 most likely early to mid next week, but it will happen.
I've checked back at my charts from CST's first listing, and never, when it has broken out of flag formation has it failed to move substancially on percentage terms. You might recall the flag that broke out earlier in the week. The past couple of days has just been consolidation prior to the big run IMHO
$2.50 has been suggested as an important number to break, but at the current stage I don't think it holds much resistance, espec since it hasw been broken 3 times already.
$2.50 is the 23.6 % retrace point from its all time highs to all time lows. Of course once it is out of the way $3.14 is a fore gone conclusion.
Plus or minus a few days, i'd put my bottom dollar on where it's going.
BTW - It has been suggested you should wait until it's break is assured and everyone is getting on. I've always found however that to be successful in this game you have to be a seer of opportunity.
Have a good weekend
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