yes a finish above 9.3c would have been better but most of the day's volume was traded above 9.3c so decent day overall.
Hourly chart with Fib extension through the 16/03, 22/03, 1/04 run and pull back (shaded pink) shows 100% extension at 10.5c correlating with the 61.8% retrace level from the overall Fib retracement I marked on the daily chart before. (Pink arrow)
Seeing the couple of upper shadows on the 22/03 candlesticks that run 10.2c to 10.5c I would see 10.5c being where to take profit but my finger would be hovering over the trigger as soon as it hits 10.2.
There does seem to be some resistance at 10.0c but I think this is just round number psychology.
It's generally gotten itself back on to the trend support line after it got stuck in a sideways rut on 30/03.Pretty sure it was the rocket under Z1P that got CRO back on the rails of the uptrend. Hopefully it stays on trend until the next good bit of news from the company.
Having said all that though, every stock has it's own personality and I don't know CRO all that well so I have a tight trailing stop loss to get out of the SP gets bogged again before news comes.
CRO Price at posting:
9.3¢ Sentiment: Hold Disclosure: Held
