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RENASCOR RESOURCES LIMITED

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RNU trade ideas

Renascor Vertically Integrated Battery Anode Material Manufact..I have just been having a bit of a look around some of Australia's EV raw material type stocks and Renascor has been a bit of a monster over the last 12 months up around 1200%. From their Facts Page: renascor.com.au Renascor is developing a vertically integrated Battery Anode Material Manufacturing Operation in South Australia. Renascor’s Siviour Graphite Deposit is the world’s second largest Proven Reserve of Graphite and the largest Graphite Reserve outside of Africa. The favourable geology and location of the Siviour Graphite Deposit will allow Renascor to produce Graphite Concentrate at a cost that is amongst the lowest in the world. Graphite Concentrates will be processed into Purified Spherical Graphite (“PSG”) in a 28ktpa, eco-friendly manufacturing facility in South Australia and shipped to lithium-ion battery anode manufacturers (currently located in Northeast Asia). By leveraging off the low-cost Siviour resource, Renascor’s PSG production cost will be amongst the lowest in the world, competitive with current Chinese production and advantaged over other developments outside of China. Looks interesting ...
ASX:RNULong
by zAngus
RNU @ 16 NOV 2021Text me if you have any questions/comments for me. ----- RNU - Previous analysis was done on 15 Oct (red arrow) - Suggested waiting for a successful rebound before plotting entry if comfortable with high price volatility and strong overhead resistance - I also mentioned that if stock doesn’t recover to around 15 cents, the stock will likely break below the 12 cents support soon - Since then, the stock briefly touched 15 cents before retracing back to 12.5 cents - For the moment, stock is bounded by the short-term resistance and the mid-term support - A LH formation is not the end of the world but the stock has to create a new HH for the uptrend to be good - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a series of HHs and HLs formation
ASX:RNU
by Jerm88
RNU @ 15 OCT 2021Text me if you have any questions/comments for me. ----- 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
ASX:RNU
by Jerm88
2
RNU: Bearish Descending Triangle, MMAR Reversal, Downward Wave The current MOU announcement has spiked the share price up, which has temporarily quelled the descending triangle break and halted the downward momentum seen on the Wave Indicator (dotted blue line). However, upon closer inspection, the spike itself is showing signs of weakness (MMAR reversal in spike). Oddly, a trading halt was announced the day after such signals, locking the register in. If news of a CR, the sell-down will be drastic, although, good news about JV for cobalt will see a continuation of the uptrend.
ASX:RNUShort
by pimpfreud
2