REN possible setup
Ren is setting up to be a great buy right now. There are two ways to approach this,
1. Buy it before break of trendline, you get a for a cheaper price but the risk is higher, next major support for REN is around the 0.88region chances of it dropping that low are not very high as the $1 mark also holds as a very good psychological level.
2. Buy it after clear break from the trendline (white arrow structure). if you choose to go this route, a retest of the trendline may not always happen and it can just jump past it.
Enter the trade at your own risk, i am not a financial advisor.
1. Buy it before break of trendline, you get a for a cheaper price but the risk is higher, next major support for REN is around the 0.88region chances of it dropping that low are not very high as the $1 mark also holds as a very good psychological level.
2. Buy it after clear break from the trendline (white arrow structure). if you choose to go this route, a retest of the trendline may not always happen and it can just jump past it.
Enter the trade at your own risk, i am not a financial advisor.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.