What in December we thought was an end of the down trend, during January and February progressed into a downwards channel. We hope that this channel is not strong enough and that the price will manage to break it upwards. There was already an attempt a couple of days ago.
On the fundamentals side:
- They managed to control expenses - New exciting contracts arrived - Institutional investors increased holdings - High interest/volatility during last month
We believe that more RNS will arrive in the following days and that the price will manage to exit the downwards channel in the short term.