Monthly chart looks as expected with continuation of current trends. What everyone including me is looking for is when the trend changes so need to view lower time frames
Weekly
Last weeks candle shows oversold RSI, volume uptick and upper trend being tested. This test could have been due profit taking from recent lows but could also have been a "take profit/stop loss" type order hunt. What's good is a higher high and low from previous week which could also be a flushing out of weaker hands but could also have been an exit signal.
4hr
RSI is oversold, upper trend is resistance, white trend showing as support currently circa 4.5, volume over 4hr period increasing.
Overall it looks as if 4.3 is a possibility then LT support at lower yellow trend. Take into account macros and there's nothing pretty ATM, note that macro effects all, not just RNU. The monthly chart appears to support above statements and RNU is currently supported by cash in bank and relatively low spending.
GL all today
Add to My Watchlist
What is My Watchlist?
