RNN has been falling since 2017. It looks more or less like an inverted head and shoulders where they've hit bottom now. I bought in at 1.81 because the price had closed there, nearly twelve percent above the neckline at 1.61; volume was twice the average.
Maybe it didn't really have the look of a good h & s, I may have engaged in wishful thinking... but it's ...
This move seems very similar to last year. Hop in now, stop loss below the midline of the daily bband line and let it rip. First target is top of the monthly bband.
*this is not financial advice
RNN TRADE IDEA GK PLAY - PREV RESISTANCE BREAK
RNN has tried many times to break over significant
resistance at the 1.71 line established by previous
candlestick action, but has struggled to do so; however,
with a bullish RSI move over 50 and a bullish albeit small
signal on the Macd, the price action closing at that 1.71
mark could mean a break tomorrow, which ...
I saw this last week on my Scanner. I liked it Long at 0.40 got some good action out of this Stock Monday. It has earnings coming out March 13 th Thursday. Im playing this long at 0.40 but this is a watch all this week over 0.50 its a confirmed Breakout. Resistance at 0.499 This stock is On a Strong Uptrend with Volume its a good Push. Follow the Trend Until it Bends.
As noted recently, RNN needed to hold that lower, ascending trend line, but following subsequent market and sector weakness, it failed to do so (trend line has been violated). With the stock still up 289% from its 52 week low, caution is warranted, and it seems logical that further weakness is a strong possibility. How low could it go? Please see corresponding, ...
Rexahn is one stock to watch. Few drugs in a pipeline plus pending partnership deal, this stock is ready to move up. Before this happens few things need to be cleared out. Weak holders, panic sellers and reverse stock split in the summer. Analyst who cover this stock target 3pps as average target. But longturn if any of its drugs gets on FDA approval list this ...
Lets see how this pans out. This is usually fairly accurate.. Again, anything can happen. Will be nice to see
if this does pan out since a good model for reentry from a massive buy would be handy. Curious. Have fun, prosper
and Good Luck.