As soon as I call out $RNXT for taking a tumble, they finally catch their stride again.

At the time of my most recent post, $RNXT was sitting at a share price of $1.04 - a price I wouldn’t like to see, but it’s nice to see the $1 level holding support.

With no fundamental catalysts to give shares a lift, the stock closed 11% higher for a share price of $1.16 at the post-market trading bell.

The interesting bit here is $RNXT touched a low of $1.04 today with volume 25,000 points higher than the 30D average before reaching the closing price, all after opening at $1.18…

Nevertheless, the 1D chart is showing an ascending scallop pattern that could prompt day traders to give the stock a generous boost. I’ll be waiting to see if any of their trial data appears on the newsfeed this week.

Communicated Disclaimer - this is a brief update on a stock I’ve been watching, please do your own research before making an investment decision.

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