CRO chart, page-119

The issue in the short term is that there was a massive bearish engulfing pattern on Friday which is extremely as there was huge volume. In general this indicates over the near term the stock SP will move lower. Will support be 3.6 or 2.9 - the price action will need to confirm support. However in general during this move there is a tendency for the SP to recovery back to 50 percent of the large candle in the near term - it's a classical pattern traders utilise as people stuck at higher prices tend to buy lower and sell higher to exit. The indicators have dropped significantly and a mother significan drop will move it to oversold territory. For the moment it is a watch n wait attitude. Whatever happens we will need confirmation of another uptrend formation. Don't be hasty. Most importantly DO NOT panic.