Renergen has become a retail favourite since late 2020.
I do not question the future potential of the company but the price over the last two years has been driven primarily by euphoria and speculation.
The bear from the 4390 all-time high still looks strong on the downside and is well contained by a steep falling channel.
There are no buy signals or reversal signs yet but it is a bit late to look at shorting so I will sit on my hands on this one.
I do not question the future potential of the company but the price over the last two years has been driven primarily by euphoria and speculation.
The bear from the 4390 all-time high still looks strong on the downside and is well contained by a steep falling channel.
There are no buy signals or reversal signs yet but it is a bit late to look at shorting so I will sit on my hands on this one.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.