RLE 0.00% 9.0¢ real energy corporation limited

RLE Chart

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    Maybe, just maybe, we may be at the begining of a nice uptrend.  The blue line shows long term downtrend of the SP.  The circle highlights the moving averages starting to cross-over in a bullish manner.  The goldy lines are the andrews pitchforks which try and predict the uptrend, in this case, and also show possible areas of support and resistance.  The brown dotted line is the 200 day Sma.   I think the chart shows a change in trend since Feb, which will hopefully continue, but is still early days. Volume has picked up a little and the " on balance volume " is picking up from the lows also.  The company has a good amount of cash in the bank imo, and the management and substantial holders seem quite experienced and have been successful in the past also. (QGC for example).  So i thought it was worth posting some charts.  One is a longer term one, and the other is a closer look at the recent action.  


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Currently unlisted public company.

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