Just from a purely theoretical basis and the point of a casual glance (and I do not follow CRS) there are no obvious indicators for an immediate rise in this stock other than that CRS still appeared to be being technically neutral from an accumulation/distribution point of view until two days ago after strong (obvious) accumulation.
I use a raft of indicators to overlay graphical ones but a key one is Demand Index which in my opinion is a great indicator of potential price movement.
This indicator has been more or less in free fall for CRS since the 29/5 when the share price topped out at 90c.
On a simple retracment basis it would appear that CRS could quite easily fall back to 68c then if that did not hold a stronger support band of 55 - 58c.
Cheers
CRS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
