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.

1 comment:

cashflowstock said...
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