evasivesteering

Buy and hold RNO (CAC 40)

EURONEXT:RNO   RENAULT
History seems to be repeated (on monthly time-frame): RNO has been consolidated (again) in a big triangle after bearish rally since the end of 2018.
This price action was seen in 2009-2012 after a big fall linked to the automative crisis in 2007-2008.
In my opinion, it's time to accumulate RNO (around 21-23 euros) and hold for 3-4 years. Expected benefit is 200%-300% in 2025-2026.

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