BLOOBERRY
Long

Price Action on Pump

NYSE:RENN   RENREN INC
33 0 3
Bullish on the downward wedge , last week on 04/06/16. Upward trending wedge , possible for a short ride to resistances @ $3.55 & $3.69, before retracing south.
Comment: Going strong at $3.51! Keep pushing baby!
Comment: Upward wedge again, potential for a reversal if it strays south of the extrapolated line.
Comment: Despite the wedges, based on the 60 outlook a subtle ABCD Sell pattern can be loosely overlayed. Examining the RSI indicators may give more insight.
Comment: *Clarification: Bearish ABCD pattern. Considering entering position after it taps $3.36 for a reversal.
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