matbielby

ASX:RNE Long position entry analysis

ASX:RNE   RENU ENERGY LIMITED
This share looks to be trading in an ascending channel, looks to be an accumulation underway. Marked are entry and exit points, and stop-loss. Sharing is trading much lower than previous highs. Company now has a good debt ratio, and carries a lot of tax loss credits making it appealing for merge/acquisition.
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