Montauk Renewables - Bio-Gas Supplier as we all know. This Chart Depicts the Highly Cyclical nature of these Commodities. It's one to Trade, not a long Term Investment.
The recent sell-off could soon offer an Entry Opportunity. But we need to wait for a decent reversal of the current Down Trend. My last Trade yielded +60%. However only had R5000 in. But I shouldn't complain about that.
As always, please get a few outside Expert's Advice before taking Trade or Investment decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
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Early Trend Reversal Seen on the IMACD Indicator 1H Plot. I'm starting to Nibble on this one.
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Montauk Renewables Price Target Cut to $8.00 a Share From $9.00 by Scotiabank. = +- R150 Area = +- 90% Upside.