RNN -- Bearish Trend Line Break
As noted recently, RNN needed to hold that lower, ascending trend line, but following subsequent market and sector weakness, it failed to do so (trend line has been violated). With the stock still up 289% from its 52 week low, caution is warranted, and it seems logical that further weakness is a strong possibility. How low could it go? Please see corresponding, key support levels (S-1 - S-5). For reference only. Always, IMHO.
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