The chart above shows how RNU.AX took a negative turn after the SHORT signal which was issued on 29/03/2021. Since then, the stock price fell down by 11.54%. There are by now decisive hints casting doubts about the continuation of the downbeat mood. Our system detected a BULLISH HOMING PIGEON pattern, which may be a sign of a market sentiment switching from bearish to bullish. This pattern deserves utmost attention, because the SHORT positions must immediately be covered and long positions must be taken, in case of a confirmation. The BULLISH HOMING PIGEON pattern, if confirmed, indicates an upside potential of 43.61%. It may turn out to be a good opportunity for bottom fishers, but patience first! Do not forget that confirmation is the prerequisite for any further move!
RNU Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
