While I love what you chartists do, this particular stock is extremely difficult to do TA on due to the low volume (but I am no expert).
The tides change quickly for RLT due to low trading volume, as sentiment is based on very few traders. Evidence shows bot trading pulling down sentiment as much as it has (down to $1.3x from $3 ATH for no fundamental reason). And people's attitudes have recently been in the pits, despite nothing really changing with the company. TA has presented some good entry opportunities, but is always fraught.
Have to admit, it has been a difficult ride the last few weeks / months, but I have learned one thing from the trading the last month or two, and that is that with such a low volume stock, SP suppression really is even more meaningless than other stocks, and conspiracies are amazing tools of the manipulator (whether intentionally created by the manipulator or not) - i.e. just ignore the BS. When a company has shown they have as much potential as Renergen, you sometimes just gotta ignore the TA unless you are looking for an entry point, and then review the stocks based on the fundamentals. I.e forget about the BS CR, take over rumours etc, they are meaningless when we are on the precipice of great news.
Personally I look at these forums virtually every day, and I google Renergen, LNG, energy, Helium, etc, often. And every day I have seen no negatives apart from the slipping SP, which tells me that the SP doesn't matter right now.
I predicted a red day today after yesterday, because of the ramp up yesterday based on nothing but volatility. Today we saw a very green day as well which came as a happy surprise. I am looking forward to another green day Monday, but even if it is red I won't care too much. What I am waiting for is for Renergen to say they are sitting on a multi-billion dollar resource, then we can all watch the SP jump ~>100% in 7-14 days.
In the end what it boils down to for me is, ignore the noise, understand the fundamentals, trust the BOD (where deserved), and take what is discussed on HC with a grain of salt!!
Looking forward to having my thesis proven in the coming months (particularly September when we should receive PFS, resource update, updated Blue Gem valuation, etc.)
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