Renegen lower ?
So much hipe in this stock during 2022, and for good reason with its helium and natural gas story.
However, this is a high risk stock as it is still in its baby shoes.
Technical sentiment indicates that we might see #Renegen price even lower.
The downtrend in #Renegen share price is now trading on the right shoulder neckline of the head & shoulders pattern it has formed, with a potential price target of R10.90.
Tailwind for even lower prices is the broad negative sentiment in the markets due to macros and SA specific issues such as loadshedding.
However, this is a high risk stock as it is still in its baby shoes.
Technical sentiment indicates that we might see #Renegen price even lower.
The downtrend in #Renegen share price is now trading on the right shoulder neckline of the head & shoulders pattern it has formed, with a potential price target of R10.90.
Tailwind for even lower prices is the broad negative sentiment in the markets due to macros and SA specific issues such as loadshedding.
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