REN price at risk of 50% drop after a bearish trading pattern shows up -Breaking
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Ren has great prospectsRENThe chances of the stock continuing to rebound to higher highs seem slim, as an obvious bearish reversal pattern emerges.
Dobbed The head and the shouldersWhen the price forms three distinct peaks, then the arrangement is called “the setup”. The middle peak, which is also known as the head, is longer than any of the two others, described as the right and left shoulders. A neckline supports the bottom of these peaks.
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