Ren still looks like it has a little bit of correcting to do. I think we'll bounce shortly here, but then ultimately find our way down to $.13-.17 before finding a low.
From there, if the market turns bullish again, then I can see run running back up to the highs, and if it breaks them, can see the $2 range. Bearish scenario would be if it can't break out of the upper trend line (or $1), then we could see a retrace from that level.
Let's see how it plays out from here.
From there, if the market turns bullish again, then I can see run running back up to the highs, and if it breaks them, can see the $2 range. Bearish scenario would be if it can't break out of the upper trend line (or $1), then we could see a retrace from that level.
Let's see how it plays out from here.