Our system’s recommendation today is to BUY. The BULLISH ENGULFING pattern finally received a confirmation because the prices crossed the confirmation level which was at 3.1000, and our valid average buying price stands now at 3.1050. The previous SHORT recommendation was issued on 4/11/2014, 12 days ago, when the stock price was 3.1435. Since then RENE.L has fallen by -1.22%.
The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a possible new profit. Do not miss this chance.