RLT CHART, page-1094

REN still tracking beautifully.

Last nights session was huge. Not only did we see a 4% gain (buying up over 6% at one stage) but it was the most volume in 6mths.

I have to say in all my years investing I don't think I've seen a bigger gap in upside probabilities for a resource.

Going off public information there is every chance RLT has one of the most memorable runs in asx history. However I've always found lowering expectations is much better as you're rarely disappointed and have more chance of being pleasantly surprised.

I will say this though.

Last nights gain has pushed REN closer to its ATH close (blue line above) and I'm expecting RLT to follow. This will also get us up near our ATH close of $2.75.

If the sp is anywhere near ATHs when we do receive the reserve update and those numbers confirm even of a fraction of our probable reserves then the sp will take off at break-neck speed.

The current wave formation is still pointing toward $5+ (however the 3rd impulse wave is also well known to run much harder than the modest level I set out). Either way if that structure stays true then we will not see a retrace below $3 once it hits those heights.

It's hard not to contain the excitement but lets just hope RLT carries on toward ATH levels and then lets reassess its potential when we see the confirmed numbers.

DYOR
GLTAH