Thursday, January 14, 2016

Rex Intl: Indeed a BREAKDOWN AGAIN as mentioned last week? Price 0.076

More weakness towards 0.070 then 0.060 as per call?

Sent: Thursday, 7 January, 2016 3:59 PM
Subject: *************Rex Intl: Back to 0.080 support.... more downside below again.... price 0.081
Following up from last week call, we have indeed seen it break below the 0.090 support level and today headed back to 0.080 support. We can expect some support from the 0.080 level as short positions are covered, but note that breaking below again, can kick up a next wave of selling pressure with target to 0.070 then 0.060 possible too. Has been supported since September above this 0.080 so a level to watch with trend still looking weak.

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