hitchcoxg

REN.JSE Renergen Prints a Rounding Bottom.

Long
hitchcoxg Updated   
JSE:REN   RENERGEN LIMITED
Renergen Prints a Rounding Bottom Pattern which is Bullish.

I had parked this one in my Bottom Drawer, almost gave up on any Hope.
Last had a look in early January.

Seeing the recent price action made have another look, and it's starting to look good.
Seems the recent incoming JSE Tide on Commodity Stocks could be lifting many boats.

The Chart is self Explanatory.

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.

PV = FV/(1+r)^t Present Value = Future Value / (1 + R Rate of Return ) ^ Time.
Comment:
Retracing to 0.38 - 0.23 FIB Area, should be healthy.
You never know with this one.
Comment:
Errata. The 1D VWAP is actually the 1 Week VWAP.
Comment:
Now a Cup & Handle.
Comment:
Renergen Says Annual Loss Per Share May Widen to Between AU$0.728 and AU$0.767
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.