Renergen hit the target at R9.33 and now uncertain territory
M Formation formed on Renergen. The price came down and hit the target at R9.33...
Now we had a bfreakway gap with testing at the low, which shot right back up. This is showing there is more buying volume coming in.
However, we aren't seeing any strong bullish signs yet. I think the price needs to consolidate and form a higher low, then we will have some form of Cup and Handle...
We will need to wait for the next move as it could be a volatile move.
Now we had a bfreakway gap with testing at the low, which shot right back up. This is showing there is more buying volume coming in.
However, we aren't seeing any strong bullish signs yet. I think the price needs to consolidate and form a higher low, then we will have some form of Cup and Handle...
We will need to wait for the next move as it could be a volatile move.
✅ Facebook:
facebook.com/groups/matitrader
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timonandmati.com
𝕏 (Formerly Twitter):
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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