RNU chart, page-3036

The price is still aligning with the bull pennant structure and lies above the bottom line of the pennant. The SAR now has a third, consecutive, positive dot. Price is already below the mid point of the Donchian Channel and if it goes a tad lower it hits the discount area of value, there is an opportunity to pyramid. Price is yet to hit the upper band of the Golden Retracement Zone. All normal fluctuations on minor volume IMO. As price moves towards the pennant tip, then we could expect a breakout. Note, the driving moving average is a pink 89 ema as opposed to a sma. When charts are linear, sma can be used for true mathematical fit, but when they are curving then the use of an exponential (ema) is a better fit. This section of the Donchian also represents a squeeze. Probabilities lie with a rise in price next week given the range of the oscillations are declining. Picking exact moves on a regular basis is difficult unless market power is exercised by some. Still an accumulation period based on Weinstein analysis and half a cent here or there at this point is small beer. The market is consolidating while it waits for fundamental information.