Renergen has become a retail favourite since late 2020.
I do not question the future potential of the company but the price over the last two years has been driven primarily by euphoria and speculation.
The bear from the 4390 all-time high still looks strong on the downside and is well contained by a steep falling channel.
There are no buy signals or reversal signs yet but it is a bit late to look at shorting so I will sit on my hands on this one.
I do not question the future potential of the company but the price over the last two years has been driven primarily by euphoria and speculation.
The bear from the 4390 all-time high still looks strong on the downside and is well contained by a steep falling channel.
There are no buy signals or reversal signs yet but it is a bit late to look at shorting so I will sit on my hands on this one.
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