REN has corrected almost 50%. This seems like an overcorrection and I believe we will see strong movements upward now to compensate.
It's recently broke above a trend line and seems to be in the process of moving upward, If the move fails we could see drops down to a higher demand zone - as low as 60 cents.
I have opened a trade on REN just as it broke out and will update as it goes along.
This is not financial advice
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It's recently broke above a trend line and seems to be in the process of moving upward, If the move fails we could see drops down to a higher demand zone - as low as 60 cents.
I have opened a trade on REN just as it broke out and will update as it goes along.
This is not financial advice
If you enjoyed this analysis please like and follow!