Cup and Handle seems to now be forming on Renergen.
It seems like there is a change in the wind for the stock as last year we predicted a big crash which struck at R9.33.
And This time around, we're seeing a Cup and Handle form.
It's not exactly there yet and we do need a break above the brim. But when it does so, we will see the price go above 200MA and head to the first target of R23.72.
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.