RNU chart, page-4730

I had not put any thought about what happens below 4.3 before. Now we're here, lets see what that could look like via the charts:



My last post mentioned that something has changed in the trading that I couldn't put my finger on, since that post, RNU has broken the support trend that's held it up over the last 2 weeks while net selling has returned. The existing support/resistance trends have been very sticky, so with no news or fundamental changes to the company or outlook of natural graphite, I'm preparing for 3.7 to 3.5 as next supports regardless of cash backing.

The longer time frame shows RNU is now sitting on the resistances from 2018.


There's no good way to share bleak news.

GLTA