RNU chart, page-935

I think the Chart is fine and as I said in my former commentary there is a chock under the wheel. The caravan will rest before it moves on and there appears to be a lot of barking dogs in the camp. This is a long play and a no brainer in my opinion. The decline has been halted. The SAR remains positive and support looks to be established at a higher level. The medium term SMA breach is still sound. It also has to be remembered there is a lot of shares in the float and people will take profits. The previous charts were spot on. Brokers need turnover to survive and that also comes from the shorts. They got burnt. However this is not really a short play in my opinion because the company has good news to come from the sector at any time which maybe explosive. I don't think we will wander too far and expect a further sideways movement in the meantime. It is also a jittery market and it does not take much to game others. This is in no way a tree shake but a process the market regularly undertakes. Welcome to the real world. I certainly won't be paying the brokerage on every move.