CSR 0.00% $8.89 csr limited

CSR could be a good long term trade, page-14

  1. 306 Posts.
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    It was $7 about 15 years ago but that is immaterial. Even if it had never reached $7 before there is nothing to say it can't get back there. I'm not saying it will just that there is a probability that if prices keep heading in that same general direction they have since 2012 then they might end up around $7. It certainly isn't something I'd be factoring into my trading decisions as it is just too far away and too high a risk that things might not work out that way.
    Anyway, price is moving up nicely with a target of around $4.45 on the horizon and a subsequent break above $4.50 with some volume at that level could see another target north of that. Undoubtedly, there will be to odd retracements along the way (perhaps around $4.50) but at this time it looks positive to me.
    https://hotcopper.com.au/data/attachments/2486/2486225-4f3305672b778f8ebf4e55b60b8905e9.jpg

 
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