paper_value

ASX: RLE Real Energy and cruising along nicely

ASX:RLE   None
Real energy is still cruising steadily inside the channel. CMF shows that the market is pretty balanced for now. OBV is coming down a bit but as long as we don't break south in the gentle uptrend, we should be fine.

Prices are supported by the 55 and 100 EMA. I do hope that the 55 EMA catches up and cross the 100 EMA for a stronger uptrend. However, the Stochastic RSI is pointing down. This might signal that the 100 EMA might not hold and breaks down to the bottom of the symmetrical triangle at about 0.081.

Again, a break below 0.081 with confirmation spells bearish and invalidates this chart.

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