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8.4¢ renascor resources limited

RNU chart, page-2685

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181 Posts.

46

22/11/22

14:46

Post #: 64919352
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Originally posted by jakedauncey: ↑

It is usually best to go off the body of the candle for the top of the cup, but i have seen both cases where it goes off wick.

You can have many patterns inside the cup+handle, however the bigger the timeframe your using, the more-true the breakout will be.

ie. the weekly cup and handle is more promising than a cup and handle on the daily, daily is more promising than cup and handle on the hour etc etc

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Originally posted by A T S: ↑

There have been two cups inside the theoretical larger cup. First one didn't run up, and the second did.
Usually a rule of thumb is the run after handle will be double the cup depth, which equals one cup stacked on the other cup.
Strange thing is that the smaller two cup's extensions equal both equal the same amount if you extend each up cup depth above the cups. = 32.5c
If talking a theoretical unfinished bigger cup the extension of that would be = 52.5c

Sorry this trading view chart is a mess, I've just been messing around. The cups and extensions (potential) are in yellow.

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Thank you both for your input! Much appreciated!

RNU Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 8.4¢		Change -0.004(4.55%)		Mkt cap ! $213.4M

Open	High	Low	Value	Volume
8.9¢	8.9¢	8.3¢	$412.4K	4.794M

Buyers (Bids)

No.	Vol.	Price($)
12	303135	8.3¢

Sellers (Offers)

Price($)	Vol.	No.
8.5¢	83652	6

View Market Depth

No.	Vol.	Price($)
12	303135	0.083
8	262499	0.082
7	746501	0.081
25	989814	0.080
8	314051	0.079

Price($)	Vol.	No.
0.085	83652	6
0.086	100000	1
0.087	244505	2
0.088	60000	1
0.089	499323	4

Last trade - 14.23pm 17/06/2024 (20 minute delay)


Last 8.5¢			Change -0.004 ( 3.74 %)
Open	High		Low	Volume
8.8¢	8.8¢		8.3¢	1155459
Last updated 14.25pm 17/06/2024 ?

RNU (ASX) Chart

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