Renew Holdings Makes for the Sky

Renew Holdings stock (LSE:RNWH) has really made for the sky and there is still a lot of energy in the stock, fueled by the bulls’ determination to push the price further higher.

The price is far above the EMA 21 and the Williams’ % Range period 20 is around the overbought region. This means that the stock is very strong and, despite occasional pullbacks along the way, it may attain the distribution territories at 350.00 and 400.00 eventually.

The best action to take here is to go long.

This forecast is ended by the quote below:

“One of the biggest lessons I learned during my trading education was to never make assumptions. Everything that we see on the news or even on a price chart is the result of something that has already happened. Our job as traders and investors is to analyse what has happened so as to give us an idea of what may happen next.” – Sam Evans

What Super Traders Don’t Want You To Know: Super Traders

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