RLE real energy corporation limited
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RLE chart

  1. TTrader
    1,010 Posts.
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    30/03/19
    19:25
    Post #: 37939431
    The recent placement & option offer has pressured the share price, despite the large scale-back (I got 45% of what I bid for).

    On the weekly chart, the high-close bull candle is an indication that support at 9.4c is holding. A move above 10c suggests the correction is over & a rally poised to resume.

    The pending update regarding the conversion of the 3C resource into reserves could act as a catalyst.

    https://hotcopper.com.au/data/attachments/1485/1485957-a2fb61ad08547e03775d5df6480648f5.jpg
    RLE Price at posting: 9.9¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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Currently unlisted public company.

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