Text me if you have any questions/comments for me.
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RNU
- Previous analysis was done on 15 Oct (red arrow) - Suggested waiting for a successful rebound before plotting entry if comfortable with high price volatility and strong overhead resistance
- I also mentioned that if stock doesn’t recover to around 15 cents, the stock will likely break below the 12 cents support soon
- Since then, the stock briefly touched 15 cents before retracing back to 12.5 cents
- For the moment, stock is bounded by the short-term resistance and the mid-term support
- A LH formation is not the end of the world but the stock has to create a new HH for the uptrend to be good
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a series of HHs and HLs formation
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RNU
- Previous analysis was done on 15 Oct (red arrow) - Suggested waiting for a successful rebound before plotting entry if comfortable with high price volatility and strong overhead resistance
- I also mentioned that if stock doesn’t recover to around 15 cents, the stock will likely break below the 12 cents support soon
- Since then, the stock briefly touched 15 cents before retracing back to 12.5 cents
- For the moment, stock is bounded by the short-term resistance and the mid-term support
- A LH formation is not the end of the world but the stock has to create a new HH for the uptrend to be good
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a series of HHs and HLs formation