This is a long term weekly GoNoGo Chart of Renault. Interesting few weeks ahead. Note how the “NoGo” trend has bottomed and has formed an ascending triangle with higher lows. Price is nearing the upper bound of the triangle and as it does so has painted amber “Go Fish” bars, meaning that there is no recognizable trend currently. The GoNoGo Oscillator is...
Renault looks like a very good investment at this point.
Probably one more move down to finish this whole bear market we are in.
Targets are not decided yet, But a move off 400% is atleast expected.
On 7/30/2020 both JPMorgan Chase & Co. and Goldman Sachs Group Set Price Target for RNO stocks to €29.00.
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As any cyclical stock, RNO will experience a bumpy ride. In any case, fundamentals and the latest adjustments on the corporate strategy make me positive on this one for the long-term. Furthermore, I see good potential on the technical side - next target ~41?
After former channel we moved into a new possible range. Renault is taking its time to move up and seems very healthy doing so. After an outbreak to the upside with backtest on top of the channel, we can move up to the 0.236 (orange line) and negotiate with the 200MA. In the meanwhile we could be ranging with a good buy opportunity on the bottom of the channel....
Hi
During the fact that RNO reduced some job places in the company and the NEW CARS drops to 52.3% the company stock is on discount right now in my opinion .
Could be a very good time to invest .
RNO is STRONG CAR MAKER in the Industry .
FR/EN
Beaucoup de vendeurs lors du krash COV-19 ! Cependant ils restent encore des vendeurs dans le marché et les actionnaires qui ne croient pas aux orientations de l'entreprise doivent partir et laisser les croyants à la renaissance du fleuron francais, bien que pluriculture désormais avec Nissan depuis 1999 et Mitsubishi depuis 2017.
D'un point de vue...
EURONEXT:RNO is very likely to go up .I think this is a good time to buy it . I expect it to go up to around the 36 area as a first target (100% growth) .I strongly recommend it also for a long term investment because price has the potential to go up to around the 60 area .
hey guys,
I know that many of you are looking for cheap stocks.
pay attention to Renault.
though I already hear the voices of skeptics out there,
look what history tells us:
stock is clearly trading in aprox. 13-year cycles.
the stock was trading on current lows two times already and each time it showed a perfect performance
with a sharp and quick drop at...
![RNO: [$RNO] Les vendeurs doivent vendre ! Sellers need to sell !](https://s3.tradingview.com/j/j9TiKdch_mid.png "[$RNO] Les vendeurs doivent vendre ! Sellers need to sell !")
