Text me if you have any questions/comments for me.
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RNU
- First time doing a written analysis on RNU
- Doesn’t have a history of good uptrends but recent price action since July 2021 shows some promise that is also accompanied with sustainable volume
- Price is below $0.50 which can usually lead to strong price volatility -> might not fit the risk appetite of some traders/investors
- Strong overhead resistance zone around the 16-18 cents levels
- Stock is trading at the 12 cents support levels
- If stock doesn’t recover to around 15 cents, the stock will likely break below the 12 cents support in the near future
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry if comfortable with high price volatility and strong overhead resistance
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RNU
- First time doing a written analysis on RNU
- Doesn’t have a history of good uptrends but recent price action since July 2021 shows some promise that is also accompanied with sustainable volume
- Price is below $0.50 which can usually lead to strong price volatility -> might not fit the risk appetite of some traders/investors
- Strong overhead resistance zone around the 16-18 cents levels
- Stock is trading at the 12 cents support levels
- If stock doesn’t recover to around 15 cents, the stock will likely break below the 12 cents support in the near future
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry if comfortable with high price volatility and strong overhead resistance