Real Energy (ASX: RLE) has completed drilling at its Windorah gas project and is moving towards diagnostic fracture injection testing after striking gas pays at its three Tamarama wells.
RLE should warm us up this winter.
1. TK crossed in the cloud signifies medium bullish signs 2. Chikun lagging span closed above price today - bullish sign 3. Price closed above cloud - bullish 4. RSI pointing up
Let's wait for confirmation before entry on Monday to see whether it will close above $0.1. A break below $0.095 will invalidate this bullish outlook.
Hi Mate, Loving your charts. How do you feel about RLE after todays loss? Fundamentals appear strong. Just waiting for entry. Cheers in advance for any feedback!
Yeah, I am waiting for confirmation before entry. The price has to close above the cloud. Currently it is still a no go for me. TK seems to have crossed again in the middle of the cloud. My guess is we will still be trading sideways between 0.095 - 0.105.
1W doesn't look promising as RSI is pointing down. If 0.095 doesn't hold, next support level at 0.07.
**not financial advice**
dmadrew
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@Satoshiposer, Cheers again mate, will keep a close eye on it!