RLT 3.40% 71.0¢ renergen limited

RENERGEN USA TRIP, page-68

  1. 2,398 Posts.
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    UPDATE : RLT BREAKOUT ALERT

    SP has broken out from down trend in play since April!

    Considering both RLT & REN both finished on resistance just as momentum indicators were turning positive, there was always a possibility that today was the day.

    Still very early in session and volume isn't convincing enough yet but could this be the end of the last corrective wave?

    And could this be the start of the much anticipated Wave 3 (usually the biggest impulse wave)?

    A follow through in today's session then onto REN tonight will see us looking at next PT of $3.50-$4.75...

    Bit of excitement to start the week. Let's hope it's just a taster for what's to come...

    GLTAH
    DYOR
    https://hotcopper.com.au/data/attachments/3398/3398804-f2a64b4363d06cbab0eaf09d29274169.jpg
 
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