RENERGEN LIMITEDShort
REN
I am positive on energy innovation and the like, but I am also cognizant of the chart and price action. A possible bear flag structure is developing just below the share’s 50-EMA which could target the downside gap at 2970c. Short/sell trigger is a break and/or close below 3627c with a target of 3215c using a stop-loss of 3842c. Currently trading at 3670c. Note the 14-RSI RSI fluctuating around a neutral regime which may shift to bearish on any deteriorating price action.
Trading Levels:
Sell on a break and/or close below 3627c
Target: 3215c
Stop-loss: 3842c
Trading Levels:
Sell on a break and/or close below 3627c
Target: 3215c
Stop-loss: 3842c
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