Render has climbed nearly 50% since the low in the second week of March but lost notable ground recently. The price remains within our magenta Target Zone between $5.43 and $1.81 and could still dip toward the lower boundary as it works toward completing the turquoise wave 2. Once a sustainable bullish reversal takes hold, we expect a strong rally in the turquoise impulse wave 3, which should target new all-time highs. The resistance at $11.88, which marks the top of the magenta wave [x] from early December, should be surpassed decisively as momentum builds.
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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.