RNE 4.35% 2.2¢ renu energy limited

re test

  1. 359 Posts.
    At 10:22am edst. the amazing phenomenon of the technical re-test in this case at the $1:50 price level was achieved.
    Why must this happen following an options expiry? Particularly when the volume of shares involved is relatively small, about 16% I think it is, and other fundamentals are in great shape. I don't know.
    It was a struggle, requiring virtually 9 consecutive down days to achieve the 25c slide.
    Having achieved this feat my bet is the price will turn up and recover well.
    The previous lows at this level was actually a sharp intraday spike to $1:465, closing the day at $1:485. Can we repeat the exercise this precisely? I wouldn't be surprised.
    Markets are to wonder at.

    geojac
 
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