RobbyP

RENERGEN AGAIN?

Long
JSE:REN   RENERGEN LIMITED
Lets be fair and say that the R41.00 high was a bit of an "overshoot" but the picture looks a lot more eye-catching now after a 23% retracement. A bit of sanity is back in the price and what a coincidence, the price found its feet at the newly established support. I still think there's still some good news to come from their Helium explorations so from a fundamental perspective, things are still very positive. Technically too, the price is very over-sold at the moment after a lot of profit taking but I think now, the stage is set for another bounce...
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