CRNT 0.00%is in a pattern, with the initial handle under formation.
1. Its currently short term over sold
2. Initial Handle formation is in the process. It may be up to 30% of the cup and take support at 2.60.
3. Because of heavy today and over the past few days, I believe further drop in price may be possible and the stock could find support at a around 2.5 - 2.56.