Itachi239

$RNU long (short to medium term trade)

Long
ASX:RNU   RENASCOR RESOURCES LIMITED
RNU moving above the trend line. A pull back to the 0.5 or 0 .618 fib (19 to 19.5c) represents good value. This would create a bullish running flat.

BAM update is imminent and could be a catalyst to a move up to the mid 20c or 30c mark. RNU are also presenting in the Noosa Mining Conference 2023. Lots of potentially bullish news in the next few weeks but the one to watch is the BAM announcement.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.