| Buy $ | Sell $ | Short $ | Cover $ | Stop Loss $ | Profit / Losses | Duration |
| 6.46 |
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| 5.90 |
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- Price made a double bottom at the intraday chart at $6.00 and start to rebound from there.
- Set the buy limit somewhere just above intraday 20MA line and got it.
- Daily chart shows that it seems to have support coming from its 20MA line and Fibonacci indicators indicating the price has rebound from 76.4% to 61.80%.
- Weekly chart shows that all secondary indicators are pointing upwards. Price is also staying above its weekly 50MA line.
Lesson Learnt:
- As I posted previously, this is what I called as the "China Cup and Handle" formation. If price break up through the previous high of $7.20, this stock is going to fly high.
- Watch out for chance to top up.
- RENN will release quarter result on 14th May.
| Intraday Chart |
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| Historical Chart |
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