Last time I noticed something different about RNU charts, it went on an almost 80% run. Feeling the same thing recently, I suspect 7.7 and up are within reach.
Support at 6.6 has held strong so far, selling volume is dropping, RSI on daily and 4hr is showing oversold. EMA's all look good with daily showing shorter time frames about to cross up longer ones.
Please do not take this as any form of advice. It is my "tea leaf" readings and as such should be taken with a grain of salt. You all know I believe RNU needs offtakes or the like and natural graphite needs recognition before anything really happens. But I am a chartist and this one is looking promising. The biggest single change is reduced selling volume allowing support at 6.6 to hold which should pave the way higher if buying volume kicks in.
Note that net buying volume is still very low, today was 190k and Friday was 32K. Possible stop loss trigger between 6.3 and 6.5. Possible selling pressure between 7.7 and 7.6
4hr:
Daily:
GLTA
RNU Price at posting:
6.9¢ Sentiment: Buy Disclosure: Not Held
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