RNU: Bearish Descending Triangle, MMAR Reversal, Downward Wave
The current MOU announcement has spiked the share price up, which has temporarily quelled the descending triangle break and halted the downward momentum seen on the Wave Indicator (dotted blue line). However, upon closer inspection, the spike itself is showing signs of weakness (MMAR reversal in spike). Oddly, a trading halt was announced the day after such signals, locking the register in. If news of a CR, the sell-down will be drastic, although, good news about JV for cobalt will see a continuation of the uptrend.
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