Can REX hit our target at 0.66 now ? Let’s see. Congrats to Clients who managed to hop on in time…… J What about you ?
Sent: Wednesday, August 13, 2014 9:47 AM
Subject: *********************** Bullish Potential Reversal: Rex - breakout above temp 0.59 resistance with Bullish Hammer candlestick spotted... price 0.59
Subject: *********************** Bullish Potential Reversal: Rex - breakout above temp 0.59 resistance with Bullish Hammer candlestick spotted... price 0.59
Entry: 0.59 to 0.595
Target: 0.62, 0.65 then 0.70
Stop loss: 0.565
Reason: Rex has bounced off from support at 0.57 which was also supported well in April before rebounding. A bullish reversal HAMMER candlestick pattern was also spotted 3 days ago when it touched the support. Immediate resistance at 0.59 to 0.60 has been tested today. More upside for a potential rebound if sellers at 0.600 to 0.605 can taken out too. Stochastic and RSI indicator looking oversold after more than a month of trending downwards and reversing at the moment.
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