I believe MOMO knows much more about charts and this company than you do, imho...I have seen a few have a bearish candle one day and the next trading day it doubles with a nice green one....I have a feeling that is what's going to happen next week with RNVO :-)
for the record I am not referring to candles or chart patterns here...merely stating that one red candle in an uptrend is not the end of the world...nor does it mean the end of an uptrend...
there will be pullbacks on RNVO just as there was on GSPG...but this one will see pennyland when it's all said and done imo...
been trading stocks for 18 yrs and pennies for 10...and I am not in need of a lesson on how to read charts...
this is not comparable to gspg as i see it. this reversal needs a solid confirmation at dma20 or abouts. the confirmation has to show mms are going long to a level up. need to look real hard if it is a long trap, in other words accumulate to go short.