What seemed like a pretty non eventful week for Renergen saw a...

What seemed like a pretty non eventful week for Renergen saw a little bit of action to close out the week in both Oz and SA

RLT had a weekly gain of 4.63% (due to a breakout yesterday)
REN gained a modest 1.29% for the week (also via a breakout on Thursday which was backtested and confirmed overnight but I'll talk more about both of those moves later)

XJO had a positive week with a gain of 2.11%
South Africas Top 40 put in a decent week with a 4.14%
So was quite a positive week all round...

With Ivanhoe's 30 day VWAP period coming to an end in the next few days (my calculations have Tuesday as the last day but don't take that as gospel and DYOR on that one)

REN daily chart below
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Lets look at the numbers

REN closed out the week with a modest gain for the week, however the VWAP saw a small decline with the running average at 3814 or AUD$3.29 equivalent price.
The drop in AUD looks more dramatic as the ZAR gained significantly.
To give you some perspective last weeks vwap close was 3851 and was equivalent of $3.45 yet the same figure is now equivalent of $3.32
This makes for a comparative drop of 3c in AUD.

You'll notice I have switched the columns around to reflect the percentage gain or loss relating to RENs price.
This seems more relative to gauge the overall move of the underlying market
I've keep the AUD equivalent so everyone can still compare.

VWAP stats below.
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As I mentioned earlier, both RLT and REN saw breakouts to close out the week.
I'm just about to grab a quick coffee and I'll post those updates on chart thread soon.

DYOR
GLTAH