Friday, May 21, 2010
RNWF - Getting Close to A Major Move
RNWF. Renewal Fuels, Inc, closed the day up 16% at $.0035 after hitting a session high of $.0039. I don't think this stock will stay here for long. The chart is begging for an explosive move higher. I think the market makers have come to grips with the fact that RNWF will be at $.01 some point in the near future. They have a choice of covering their phantom short positions in the $.003's or at $.01 or better.
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