BOX Formation has formed on Renergen. Also there is a rounding bottom.
The price has broken above the neckline of the Rounding Bottom but not the box form yet.
Once it does, we should get an easy indication that the market wants to head up.
The nature of the analysis is Medium probability due to
Price>20MA
Price<200MA
Target 1 will be to R21.82
The price has broken above the neckline of the Rounding Bottom but not the box form yet.
Once it does, we should get an easy indication that the market wants to head up.
The nature of the analysis is Medium probability due to
Price>20MA
Price<200MA
Target 1 will be to R21.82
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
💰FREE Discord:
discord.gg/c8f37kyv35
Twitter:
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)