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evasivesteering
May 18, 2022 10:55 PM

Buy and hold RNO (CAC 40) 

RENAULTEuronext

Description

History seems to be repeated (on monthly time-frame): RNO has been consolidated (again) in a big triangle after bearish rally since the end of 2018.
This price action was seen in 2009-2012 after a big fall linked to the automative crisis in 2007-2008.
In my opinion, it's time to accumulate RNO (around 21-23 euros) and hold for 3-4 years. Expected benefit is 200%-300% in 2025-2026.
Comments
YoupWentink
Good post
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