RNDR IS PUMPING!!
Classic falling wedge from RRNDR , which more often than not results in a breakout near the bottom.
Personally I bought in at $3.80, near the bottom of the wedge as it was a cheap price, 60% discount from the all-time-high AND the wedge was due to breakout as mentioned.
The blue, horizontal lines are previous resistance levels to keep an eye on, where it's likely to see retests and sell-offs. These are the levels I will consider taking profit, however I'm ignoring the first blue line that's approaching, but that's my personal preference!
Enjoy
Personally I bought in at $3.80, near the bottom of the wedge as it was a cheap price, 60% discount from the all-time-high AND the wedge was due to breakout as mentioned.
The blue, horizontal lines are previous resistance levels to keep an eye on, where it's likely to see retests and sell-offs. These are the levels I will consider taking profit, however I'm ignoring the first blue line that's approaching, but that's my personal preference!
Enjoy
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