CRR Charts
- Thread starter blu
- Start date
Hi all,
Been watching CRR for a while. I dithered at 4.9c back in January so maybe I'm a little keen to not chase this too early
I made pretty negative comments a few days ago based on this simple price chart drawn 24 Feb.
I use this type of chart to gain a reference/starting point when I think it may be a future buy.
Simply note falling price and falling indicators. No bullish divergences as they have not had time to form (ditto weekly).
High volume from 14 Feb which occurs during the fall from 9.5/10c to 7.1c.
@Winenut your interest brought me back to review where CRR was slowly churning around 7.1c.
Since the 'falling knife' post things may be beginning to change as @blu noted.
Have not shown weekly because all indicators continue to slowly fall as would be expected after only a couple of days of interesting action.
Daily: Comments on the chart were written last week. EMAs show a continuing downtrend.
Price fell below 7.1c support and successfully (so far) back tested the new resistance, finishing up on increased volume.
Looks good?
Large wick on first green candle in a long time. H-A also green for the first time in two weeks. Mixed
The rising MACD-H and -L is not important as that always reverts to zero with minimal price movement, though the sharp uptick of RSI looks good but is only over two days
Too early for me to enter. Still in downtrend and I'd note that many stocks do this mini-reversal then carry on falling.
I've got the next two support levels, should 7.1c fail, as 5.3and 4.6 but these can vary over time and with different charting systems..
A long way of saying that my opinion has not changed, but I'm a little more interested.
Quite confident that FA means this will run, probably fairly soon.
Been watching CRR for a while. I dithered at 4.9c back in January so maybe I'm a little keen to not chase this too early
I made pretty negative comments a few days ago based on this simple price chart drawn 24 Feb.
I use this type of chart to gain a reference/starting point when I think it may be a future buy.
Simply note falling price and falling indicators. No bullish divergences as they have not had time to form (ditto weekly).
High volume from 14 Feb which occurs during the fall from 9.5/10c to 7.1c.
@Winenut your interest brought me back to review where CRR was slowly churning around 7.1c.
Since the 'falling knife' post things may be beginning to change as @blu noted.
Have not shown weekly because all indicators continue to slowly fall as would be expected after only a couple of days of interesting action.
Daily: Comments on the chart were written last week. EMAs show a continuing downtrend.
Price fell below 7.1c support and successfully (so far) back tested the new resistance, finishing up on increased volume.
Looks good?
Large wick on first green candle in a long time. H-A also green for the first time in two weeks. Mixed
The rising MACD-H and -L is not important as that always reverts to zero with minimal price movement, though the sharp uptick of RSI looks good but is only over two days
Too early for me to enter. Still in downtrend and I'd note that many stocks do this mini-reversal then carry on falling.
I've got the next two support levels, should 7.1c fail, as 5.3and 4.6 but these can vary over time and with different charting systems..
A long way of saying that my opinion has not changed, but I'm a little more interested.
Quite confident that FA means this will run, probably fairly soon.
Winenut
Go AVZ!
Really appreciate the informative post
I'm watching at the moment for a possible top up point
The potential near term announcements re Halls Peak seem to be the main thing that might catch one napping
Great post @ptlas
Hi all,
Weekly:
Stabilised around 13 EMA.
Often s good sign fall has/is ending and the top of my buy zone.
Creeping up the last two weeks as is the volume.
RSI is often first of indicators to react-also bullish.
H-A green - not shown.
Chart is telling me that fall is probably over and it is now in pattern of sideways consolidation/ accumulation.
Still would not be unsurprised by a shake.
Daily:
EMAs still the wrong way round for appreciation.
Daily indicators beginning to point upwards. Six consecutive GC (buy) indicate things probably beginning to turn, but the weekly is more important and presently says 'no'.
IMHO
Weekly:
Stabilised around 13 EMA.
Often s good sign fall has/is ending and the top of my buy zone.
Creeping up the last two weeks as is the volume.
RSI is often first of indicators to react-also bullish.
H-A green - not shown.
Chart is telling me that fall is probably over and it is now in pattern of sideways consolidation/ accumulation.
Still would not be unsurprised by a shake.
Daily:
EMAs still the wrong way round for appreciation.
Daily indicators beginning to point upwards. Six consecutive GC (buy) indicate things probably beginning to turn, but the weekly is more important and presently says 'no'.
IMHO
CRR has finished a full set of 5 waves plus ABC correction and now basing nicely around 7.6c...primed for wave 1 up again , rinse , repeat.
Strong resistance at 8.............news due and required
Halls Peak is going to be a ripper, so will Mavis Lake...........I have 30k on it.......confident I am.
imo
like your thinking @BEISHA I'm thinking 8.5c resistance will be tough to break through without some good announcement from Halls Peak, funnily enough I've also got a 30k stake .... wonder how much the mouth piece on HC holds
nice finish to the week, that's a nice looking bottom, maybe 
@Winenut I've sold out of CRR thrown it all into AVZ, couldn't resist the bargain to be had at auction yesterday, good luck here, hope they get some good hits with the bit.
Selling out before sub wave 5 up is about to begin ?
Drilling about to begin at Halls Peak soon and they like to provide visuals.
Drilling at Mavis Lake cant be far away either.
CRR looks primed for a move with RSI 14 indicator in perfect position.
imo
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