RNDR correcting to sma and fib becomes support
RNDR had an explosive move this weekend so far and barely played out that hourly head and shoulders. You would have had to march the stop to make profit on that one. The .382 fib is likely to become support here, or we see a fall through back well below 3$. The B bands print a picture of overheated price action as it rides the top of the bands. Volume is very high on average, and the AI/gaming hype will carry render along. The green demand box is a likely fallout zone if this breaks down, I am bullish though.
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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.