Renew
Holdings stock (LSE:RNWH) has really made for the sky and there is still a lot
of energy in the stock, fueled by the bulls’ determination to push the price
further higher.
The
price is far above the EMA 21 and the Williams’ % Range period 20 is around the
overbought region. This means that the stock is very strong and, despite
occasional pullbacks along the way, it may attain the distribution territories
at 350.00 and 400.00 eventually.
The
best action to take here is to go long.
This forecast is ended by the quote below:
“One of the biggest lessons I learned during my trading
education was to never make assumptions. Everything that we see on the news or
even on a price chart is the result of something that has already happened. Our
job as traders and investors is to analyse what has happened so as to give us
an idea of what may happen next.” – Sam Evans
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders Don’t Want You To Know: Super Traders
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