CRSP Possible Bottom
Updated
CRSP is currently at key support and the 200 week moving average. This may be a possible bottom, however it is best to look for an entry on a lower time frame (4hr or 1hr chart) before entering. Bottoming patterns to look out for are inverted head and shoulders, double bottoms, and/or higher highs with higher lows.
Order cancelled
Didn't form a bottoming pattern and cut right through support. Next line of support is around $48-$52 at the purple ascending trendline.Comment
Price is back above support. Look for a bottoming pattern on a lower time frame that respects the support line.
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