*Read Disclaimer Sponsored Content | Unsubscribe
Hello!
We wanted to send a brief update of our new alert, RENX.
Following our alert this morning, RENX opened at 0.29, a 16% gap up from the previous day's close of 0.25, and so far at the high of the day.
As mentioned, this is a high-volatility opportunity, and today's action reflects that.
Yesterday, the company rallied upwards of 0.34, +15% from today's open.
A breakout above this level could present further upside opportunity.
As a reminder, the 20-day moving average is 0.54, +83% above today's open.
While increased gaps like this do not automatically suggest that they will get smaller…
In the past, this has created incredible short-term opportunities.
The RSI is only 26, which suggests there may be room for additional momentum if the trend continues.
In addition, the company announced two developments this week.
On Tuesday, the company announced:
- "Safe and Green Development Corporation Obtains 25% Pricing Increase on Recurring Compost Purchase Orders"
Yesterday, the company announced:
"RenX Enterprises Corp., Formerly Safe and Green Development Corporation, Announces Corporate Name Change; New Ticker Symbol "RENX""
Here are some of the company's comments from this press release:
"This marks a new chapter for the Company as the name aligns with our long-term growth strategy," said David Villarreal, Chief Executive Officer of RenX Enterprises Corp. "This rebranding marks a pivotal milestone in our evolution. Our new name and ticker reflect our focus on renewable resource manufacturing developing innovative soil and substrate solutions and advancing sustainable practices that deliver both environmental and economic value."
What to watch next:
A pattern of higher lows and higher highs as the first sign of strength.
A breakout and close near the highs as potential confirmation of further upside.
We are continuing to monitor RENX for a sustainable breakout higher.
Sources: PR1, PR2, PR3, PR4, PR5, PR6, PR7, PR8, PR9, PR10, PR11, PR12, Website, Chart
Happy Trading!
AwesomeStocks
Note: We encourage all traders and investors to develop personal trading rules that you can follow and that work for you. Always protect your downside and note that we alert extremely volatile short-term opportunities. Before investing in securities, you should always consult with your financial, tax and legal advisor and never invest money you cannot afford to lose.
Tidak ada komentar:
Posting Komentar