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Timonrosso

Renergen running out of energy target to R9.33

Short
RENERGEN LIMITED (JSE:REN)  
Timonrosso  
JSE:REN   RENERGEN LIMITED
Trend Analysis Chart Patterns Fundamental Analysis renergen jse ALSI jseren southafrica
2
0
trendanalysis chartpattern fundamental renergen jse alsi jseren southafrica
Descending Triangle or M Formation has formed on the daily for the company.
The price has merely broken below which doesn't make ait a strong sell signal.
However, there are signs of further downside to come.
200>21>7
RSI<50 (Sell divergence)
Target R9.33
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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