Here's my take on CSR, not sure what happened around the 17 Feb.
Weekly
Chart has bounced off an area of significant resistance (200ma, 38% fib and previous area of support) on weekly so not looking too shabby. However, still in a steep downtrend and would wait for a higher swing before going long.
As for daily, daily looks like most charts on xjo. Note the gap to the left, and stoch's turning up. I would suggest caution if thinking of going long with a gap and 200MA above you however depends on how the XJO acts on monday (thats how most stock are trading atm). Guess the upside is a gap fill and a test of the 38% fib.
Daily
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- weekend charting 13th and 14th august
Here's my take on CSR, not sure what happened around the 17...
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Peter Batten, MD
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