We've been waiting patiently for REN to finish consolidating after its impressive rally last year.
The breakout on volume off of a .618 tag on bullish divergence looks very promising.
OBV is trending up, nearing highs.
If we get a close above $.38 on the daily, that's fresh bullish market structure and we'd expect this leg to take price up into the fib extension levels drawn off previous rally pivots.
The breakout on volume off of a .618 tag on bullish divergence looks very promising.
OBV is trending up, nearing highs.
If we get a close above $.38 on the daily, that's fresh bullish market structure and we'd expect this leg to take price up into the fib extension levels drawn off previous rally pivots.