ASX:RNE - Micro Cap Energy (2.5 year accumulation)
Roughly two and a half years ago, the accumulation of RNE seems to have begun by strategic entities ("insiders") of this company.
If price can break out of the accumulation range (0.042 - 0.104), a promising multi-year uptrend looks likely.
Until then, the POC at 0.063 might put up some resistance.
Traders can look to buy any breakouts above top of range. Investors can look to jump on board with the insiders and accumulate/dollar cost average within the marked range.
Hit the BOOST button if you like my analysis and want to support my channel. Follow to make sure you don't miss any future trade ideas.
If price can break out of the accumulation range (0.042 - 0.104), a promising multi-year uptrend looks likely.
Until then, the POC at 0.063 might put up some resistance.
Traders can look to buy any breakouts above top of range. Investors can look to jump on board with the insiders and accumulate/dollar cost average within the marked range.
Hit the BOOST button if you like my analysis and want to support my channel. Follow to make sure you don't miss any future trade ideas.