CER looks strong both long term and short term. %R is at 44.44, a good upward move is possible without it (%R) being overbought. The price is above the linear regression value. Although the Rate of Change indicator is currently in bearish territory (-4.23 below zero), it's indicating an oversold market condition. MACD is in bullish territory. However, the recent downturn in the average may indicate a short term decline within the next few days perhaps? Based on a 9 bar moving average, volatility is in an uptrend. Looks bullish also on the Volume Oscillator.. Stochastic (fast) K line crossed above the D line. Momentum (-0.01) is indicating an oversold condition.
Overall indicators are looking bullish after the bounce off long term support (0.30) last Monday. Resistance currently stands at 38.5/39 cents.
Weekly chart.
Good luck!
CER Price at posting:
34.0¢ Sentiment: Hold Disclosure: Held