its seems as if most big spikers have been showing this pattern of day one gapping up then dropping to consolidating establishing support then day 2 morning panic bouncing off day one support then consolidating then breaking day two bounce spike to consolidating finishing strong and then running further on day 3 for anotherspikehttps://www.tradingview.com/x/AIrIiSrQ/
CRIS has formed multiple bottoms on the day chart. But if you switch the settings so each candle represents a month, you will see that it has formed multiple bottoms as well. This seems to be a good gamble play stock. at this level, it looks like it could be worth a few bucks. keep on your watch list.
Are you into scalping?, if yes then PA is at a great retracment time on Fib Ret to see what happens with a couple of thousand shares? Price action is at an all time low ( is there any CATALYSIS) for this stock to rocket up? Please check future if you are into scalping or even holding to...lets a $1.00.
NASDAQ:CRIS Trade details on chart. This trade should not take more than 1-2 hours to distinguish itself as a winner or loser. Either the trend and supports will hold early, or they should fail early, allowing you to move along without spending an entire day waiting to see if this is a trade you should make. Good luck to all.
Just wanted to post this idea to put this company on people's watchlist. It is clearly in a downtrend, and earnings dropped it to lows with no clear resistance; however, after the drop there was big insider buying (something there hasn't been in the company), so I take it as a very good sign. I will be watching closely to see if the trend turns around.