RNU 1.28% 7.9¢ renascor resources limited

RNU chart, page-4186

  1. 1,916 Posts.
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    Hourly. Be gentle…
    https://hotcopper.com.au/data/attachments/6189/6189041-78a5a3d05a8eec74cab9453b77344a14.jpg
    Currently trading between the 50fib circa 12.5c and the 61.8 circa 11.5c.
    Tagged the 50 on shorter time frames yesterday , not shown. 61.6 is acting as solid support for now.
    If it fails to hold, the 76.4 at 10c may provide support.
    My suspicion is there is distribution going on after the recent rise as people lock in short term gains.
    Let’s see what today holds.
 
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