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Is RNW set to rally? 20 Day Moving Average Support shows up after a flat session
RNW closed flat on Tuesday, August 4th with volume at 0.8× average. Mixed technical signals appeared with 20 DMA Support and 50 DMA Support and MACD Bullish Signal Line Cross suggesting upside potential, while Directional Movement Crossover Bearish indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 6.18, 6.07 & 5.99, with resistance at 6.38, 6.46 & 6.57.
Current SwingTradeBot Technical Rating of RNW: C
Is this the only signal? Not even close. Explore the full breakdown at SwingTradeBot.
Read full article here »