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Is RNW positioned for a breakout? Crossed Above 200 Day Moving Average shows up after rising 1.29%
RNW finished higher by 1.29% on Wednesday, June 24th, trading 0.3 times its typical volume. Mixed technical signals appeared with Crossed Above 200 DMA suggesting upside potential, while 20 DMA Resistance indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 6.18, 6.11 & 6.06, with resistance at 6.31, 6.36 & 6.43.
Current SwingTradeBot Technical Rating of RNW: C
There’s more where that came from. See all of today’s signals for RNW here.
Read full article here »