Monday, September 23, 2013

********* Trading Buy: REX Intl. Share price 0.94. ( Broke recent 0.93 high on high volume and Strong DBSV report)

Rex is currently on Top 10 volume and has cleared the recent Sept high of 0.93. Now an at all time high and can continue to see new momentum forward as it plays catch up with the other Oil and Gas plays. Strong resistance at 0.95 seen currently where there are huge seller stacked at the moment. Likely to consolidate from 0.92 to 0.95 first before more upside. A break above 0.95 now can see it test Critical 1.00 fast.  The upside breakout of 1.00 can see bullish acceleration to 1.04 to 1.10 range and be prepared to catch the breakout.
Stop loss at 0.91
 
 

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