RENDER is trading within a tightening wedge, squeezed between a descending resistance and a rising support line, a setup hinting at a potential breakout.The previously broken resistance has flipped into support and continues to hold. If bulls maintain this level and break above the wedge, we could see a swift move toward $5.50+.
A breakdown below support, however, may lead to further consolidation.
DYOR, NFA
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Disclaimer
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