$JSEREN: Renergen: Could It Be A Total Rest?
See link below for previous analysis.
Renergen has yet to fulfil its potential and is yet to post a profitable year.
Much is written about the potential of the company and that is always the risk with commodity/resource stocks that list while still in their startup phase.
The chart does not look pretty.
Recent downside momentum, partially fueled by twitter/X commentary has pushed prices to levels last seen in 2021 and by the looks of things, price could go below 1000 zac and possibly make a new all time low, the total reset.
Last time I had a neutral stance but now I am full on bearish in the short-term.
Renergen has yet to fulfil its potential and is yet to post a profitable year.
Much is written about the potential of the company and that is always the risk with commodity/resource stocks that list while still in their startup phase.
The chart does not look pretty.
Recent downside momentum, partially fueled by twitter/X commentary has pushed prices to levels last seen in 2021 and by the looks of things, price could go below 1000 zac and possibly make a new all time low, the total reset.
Last time I had a neutral stance but now I am full on bearish in the short-term.
