Q: Based on your recent comments, after a near 50 % drawdown from its peak, CSU stock should find a bottom soon. Could you please take a look at the price action, volume and technicals, during this week's trading, specially, last 3 days, if it confirms your assessment and would you recommend adding at current levels.
Thank You
Thank You
5i Research Answer:
The RSI is clos to the lowest it has been on a number of time frames and similar story with MACD. It is no secret that sentiment is poor here and across most of software. So it is hard to say when it reverses but zooming out, we think the story/price action will look better looking back in 12 months. It is just hard to say whether the momentum improves in a week, month, 3 months, etc.