Next Resistance Could Unlock Trend Reversal
Friday’s advance confirmed breakouts from both bottoming patterns, with initial resistance seen near the February swing high of $61.76. Once that February high is decisively recovered, another bullish signal would be triggered, as that would indicate that the prior intermediate downtrend has reversed. It would also provide further confirmation that the broader bottoming process has completed, signaling the beginning of a new leg higher within the long-term bull trend.
Measured Move Targets Extend Bullish Outlook
CRSP reached a high of $78.48 in October 2025, completing a 54.5% gain from the prior swing low recorded in September. Projecting a similar measured move from the March low of $44.12 points to a potential upside target near $67.94. In addition, the inverse head and shoulders pattern projects upside objectives of approximately $75.61 using a traditional price objective or $81.18 using an equivalent percentage advance. Those targets reinforce the significance of the recent breakout and suggest it could mark the early stages of a larger bullish trend reversal, provided the breakout continues to hold.
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Source: Original Article
