Saturday, July 16, 2011

Renewable Energy Asia Group Limited... How low can it go?

This counter has been vomiting blood since Mar 2011 when it breaks out of its consolidation base. Price is now closing in to its multiple years low set in 2009 @0.035. Is a recovery in sight?

Time will tell from price action around 0.05. At this point, any purchase is like catching a falling knife. It is never easy to pinpoint a bottom!

No comments:

Post a Comment