RNU chart, page-4833

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Rainman56

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18/04/25

08:40

Post #: 78737097
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Originally posted by fuhc46: ↑

No/Yes. That's a fair assessment. I can only say that right now the charts look promising and a couple of key levels have been broken fairly conclusively. That being 4.3 and 6.0. Here's the usual chart I post - if you have a look back at my RNU chart posts you'll see this one which I should have posted and looked at earlier.

It is showing overbought, net buying is positive over the last several days. The grey trend (5.6) I've previously pointed at has been broken upwards and tested a couple times and held which is likely what's driving the current up move.

In general it is looking promising but I don't feel comfortable saying we are now in an uptrend. By the time it breaks the red trend near 8.7, then I'll feel more comfortable to commit as that will bring us back into the accumulation area which is where the real movement will come from.

But watch out for the RSI. RNU is oversold right now IMHO and RSI at these levels have always seen a retrace lower. EMA's all look good otherwise

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Do you mean overbought not oversold?

Someone mentioned daytraders being all over it. I dunno. They would have sold it down late, booked the win so as not to hold over a long weekend.
My feeling is still that this is a tightly held stock. Imo retail (so small volumes) have been the ones selling, small volumes causing large drops. Buyers stepped in aat 4c and the worm seems to be turning.

RNU Price at posting: 6.7¢ Sentiment: None Disclosure: Held
4 Upvote

2 Great analysis

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(20min delay)
Last 5.4¢		Change -0.001(1.82%)		Mkt cap ! $137.3M

Open	High	Low	Value	Volume
5.5¢	5.6¢	5.4¢	$127.2K	2.317M

Buyers (Bids)

No.	Vol.	Price($)
2	222384	5.4¢

Sellers (Offers)

Price($)	Vol.	No.
5.6¢	44930	1

View Market Depth

No.	Vol.	Price($)
2	222384	0.054
1	450000	0.053
7	687999	0.052
2	433333	0.051
12	277510	0.050

Price($)	Vol.	No.
0.056	44930	1
0.057	94004	2
0.058	100000	1
0.059	481346	3
0.060	217500	3

Last trade - 16.11pm 25/06/2025 (20 minute delay)

RNU (ASX) Chart

RNU chart, page-4833

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RNU chart, page-4833

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