I can't understand why fib ratios (or any other arcane mathmatical tool) should make any difference to what the GDY share price is doing. It just seems very random and totally detached from reality.
While I don't understand why the share price is rising as quickly as it is, it is recovering, and is only just over the $1 mark. Given nothing much has changed on the ground for GDY since it was raising capital at $1.50, it's not that extraordinary surely.
The quarterly report looked good though. I'm more convinced than ever this is the best renewable energy company you will find to invest in in Australia.
RNE Price at posting:
$1.05 Sentiment: Hold Disclosure: Held
