Chart: http://stockcharts.com/c-sc/sc?s=RENUp=Db=
Post# of 716
Chart:
http://stockcharts.com/c-sc/sc?s=RENU&p=D...7090080983
Intrepret where we are today however you wish. If you want a chart interpretation, here's my best shot:
RSI was showing Overbought and looks to be correcting to <70 heading back to a more comfortable 50.
Upper Bollinger has been in breakout, but without anything substantial to put it there or hold it there, so it natural wants to correct to the 20SMA.
MACD leveling off after a steep, diverging climb. Will hold for a bit, but if no buying pressure, it will look to converge again. (Crossing below signal line would indicate a bearish trend).
Accum/Dist still strong and climbing, indicating to me that longs are holding and adding.
Feel free to criticize my interpretation. I'm not necessarily the best chart reader in the world.
(0)
(0)