No/Yes. That's a fair assessment. I can only say that right now the charts look promising and a couple of key levels have been broken fairly conclusively. That being 4.3 and 6.0. Here's the usual chart I post - if you have a look back at my RNU chart posts you'll see this one which I should have posted and looked at earlier.
It is showing overbought, net buying is positive over the last several days. The grey trend (5.6) I've previously pointed at has been broken upwards and tested a couple times and held which is likely what's driving the current up move.
In general it is looking promising but I don't feel comfortable saying we are now in an uptrend. By the time it breaks the red trend near 8.7, then I'll feel more comfortable to commit as that will bring us back into the accumulation area which is where the real movement will come from.
But watch out for the RSI. RNU is oversold right now IMHO and RSI at these levels have always seen a retrace lower. EMA's all look good otherwise
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