Updated
REN Cup and handle ... with some risks
REN looks like it is forming a cup and handle.
But it is not a 'good' cup and handle for the following reasons
- the handle is very flat ... could go either way
- MACD is crossing
- EMA 100 is off the chart
- but good uptrend
What to look for
- confirm break out of 4115 = buy
- confirm break out 3990 = cancel everything
If you are feeling lucky ... buy now.
But it is not a 'good' cup and handle for the following reasons
- the handle is very flat ... could go either way
- MACD is crossing
- EMA 100 is off the chart
- but good uptrend
What to look for
- confirm break out of 4115 = buy
- confirm break out 3990 = cancel everything
If you are feeling lucky ... buy now.
Trade closed: stop reached
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.
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.