Long
REN/USD - Consolidation before move higher?
If you followed us in on the original chart. Congrats!
Preferred entry was suggested at around the 0.145
We've seen some excellent returns since then at approx 250% to the good.
Keep an eye on it now as we wait for indication that we are moving higher again.
Although a move in now carries more risk there is still a lot of potential with this project.
Reasonably tight SL advised if you're late to the party and pick your entry carefully, a lot of potential downside if it falls through support levels.
As always not financial advice, just thoughts and TA.
Bingaz.
Preferred entry was suggested at around the 0.145
We've seen some excellent returns since then at approx 250% to the good.
Keep an eye on it now as we wait for indication that we are moving higher again.
Although a move in now carries more risk there is still a lot of potential with this project.
Reasonably tight SL advised if you're late to the party and pick your entry carefully, a lot of potential downside if it falls through support levels.
As always not financial advice, just thoughts and TA.
Bingaz.
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