CER 0.00% 32.0¢ centro retail group

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  1. 9,344 Posts.
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    Just an update on the chart.

    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!
 
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