RNU shorts, there are none:
I wish I had some words to add to this chart, but my view is same as my last chart post. I've switched to monthly view as it shows a better perspective. The only positive I can find at the moment is that we are very close to the July 2021 support (6.6). Stating the obvious, the last 5 of 6 months has been predominantly selling - that's the up/down chart at the bottom. Net selling in October:25.4m;September:28.9m;August:2.03m;July:3.66m;June:16m.
On a daily basis, previous support was 7.6 which was tested 3 times in January, February and early August. Support has now broken down with the next at 6.6
Both the stochastics (stoch RSI) and moving average convergence (MACD) have bottomed out. Although this is usually a good sign for some form of a reversal, the chart is not showing any positives ATM. On the flip side with investor webinar soon, there is some hope for positive news.
GLTA
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