CSR Chart Action, page-14

Below is a weekly chart of CSR Ltd.

PA continued to rebound further off recent lows with a recent BO above TL resistance. Currently riding the lower edge of the $3.75 - $3.80 resistance area. A BO above this and TL resistance at $3.85 would be ST bullish with the $3.95 - $4.01 resistance area at the year highs in sight.

Momentum is turning bullish again which may, perhaps, behave similar to how it did during the 2012/13 period before a >75% rally into early 2014.. Further BO's during the next few weeks would indicate the possibility of similar PA occurring. DYOR.