Looks like a possibility to see a golden cross next week if the 50 and 200 moving averages cross.
The golden cross has signalled the start of a new up trend previously on the chart (orange highlights).
Having seen a diamond bottom play out over the last few weeks off the long term trend line, similar to last July, it seems likely a reversal is here.
Could be a 'buy the dip' moment at around 21.5c
Thinking a run to 28 - 29c could be fair guesstimate
RNU chart, page-3245
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Last
8.7¢ |
Change
-0.002(2.25%) |
Mkt cap ! $221.1M | |||
| Open | High | Low | Value | Volume |
| 8.7¢ | 8.9¢ | 8.6¢ | $170.5K | 1.958M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 371941 | 8.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.7¢ | 191005 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| RNU (ASX) Chart |