CRS 0.00% 15.5¢ caprice resources ltd

the one that got away

  1. 10,543 Posts.
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    Hi woddonnee / viva,

    you are both too kind, LOL!

    Lots of good calls but the occassional bad one also and there are things to be learnt from it (for me certainly and anyone interested in Fibonacci).

    Attached is the chart for CRS from where you will see my suggested buy target from months ago of 68c.

    CRS tried very hard to hold 68 as can be seen but yesterday it closed below the support. No doubt you have seen me warn about this event in other posts and I'm sorry I didn't post on it last night. But the rule has been proven once again - and how!!

    I don't mind seeing a stock trade intraday below the support but closes below the support are nearly always bad news coming.

    In this case the fall has been nearly 10% in one day but I fear more lies ahead and new targets look to be possibly 58c for a bounce (possibly!!) and then any break below that will see a full 100% retracement to 50c.

    Should 58c break then 50c is almost certain.

    Here is the offending chart.

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Mkt cap ! $5.076M
Open High Low Value Volume
15.5¢ 15.5¢ 15.5¢ $7.75K 50K

Buyers (Bids)

No. Vol. Price($)
1 50000 15.0¢

Sellers (Offers)

Price($) Vol. No.
16.0¢ 82458 2
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Last trade - 15.25pm 23/01/2020 (20 minute delay) ?
CRS (ASX) Chart
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