Friday, December 18, 2015

Rex Intl: Heading towards the 0.080 support as per past few SELL calls? price 0.083 now

Not good, not good….. Let’s see if 0.080 holds, congrats to those who profited from the downside J

Sent: Thursday, December 10, 2015 9:41 AM
Subject: *********** Rex Intl: Still Bearish below 0.100, potential breakdown again, price 0.093
A technical rebound seen yesterday with it trying to break above the 0.100 resistance but to no avail and more selling seen again at day end. Temp support at 0.090 – 0.092. More downside likely again with this support taken out to 0.080 as mentioned previously. CFD SELL still valid.

Sent: Tuesday, December 08, 2015 11:43 AM
Subject: ************ Rex Intl: Breakdown below 0.100 psychological support not a good sign, Bearish, price 0.095
Following up from previous SELL call, we have indeed seen a breakdown below the psychological 0.100 support level yesterday. Today, it has pushed lower to find a new recent low at 0.093 again as more selling pressure is seen on a weaker market. As long as 0.100 is a new resistance now, we are short term bearish with the 20 day MA crossing below the 100 day MA line again. MACD trending lower at the negative zone which can see more weakness to 0.090 then 0.080. CFD Sell to ride any downside.

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