ATM it looks sus, The last 4 hours of trading today show the fear investors have which also reinforces my theory that recent buyers will take profit, some earned 20% in a couple of days. Kudos to them. Look closely at the volume on the end candle, it appears to correlate with buying at recent lows..
RNU charts are looking oversold on lower time frames although that white trend has held so far (1 day test).
4hr chart
Weekly chart looks a bit promising, The longish down wick could indicate stop loss testing and slight up wick could be profit takers.
Let's not look at the monthly.
There's no confidence in this market so perhaps a cat must die. I still suggest wait n see and hope people looked before they leapt. This is my approach for all stocks ATM. On the flip side, fortune favors the brave and we never know what the orange one plans - current volatility could be a part of their schemes.
This is my XMJ chart which I last updated in May 2024. Again it's predictably following those trends and does appear ready to bounce upwards. See previous comment about macro though.
And IMHO before people get too excited about that other company, have a close look at their charts. My suspicion in a CR is close. Caveat, I do not follow them or have any interest in them but a few here using their PA for comparison. In particular look at the volume profile - a large holder appears to be bailing and using tricks to bring the price up. No I do care to elaborate more and is all IMHO.
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