Hi all,I'm just wondering if anyone can share their view on...

Hi all,

I'm just wondering if anyone can share their view on CSR... I am just watching the sp...it is trying hard to break the $1.25 resistance (the fall from 18th feb)...
but once it breaks that resistance it has the gap at $1.25-$1.5 to fill... will that gap ever filled??
Also it is trading less than their capital raising price of $1.7...

What do you think will take the sp to break the resistance??
May be short covering rally???
I do understand that they have reduced their profit guidance for this fin. year... however based on the new home data from US, the approvals for new homes have increased above anyone's expectations...
Boral has put up a decent gains??
Does anyone see any upside on CSR?? or just downside from here...
All the comments will be highly appreciated...
Cheers
PMT