Above is a analysis on Rex Int which we saw huge trading volume, together with other oil and gas companies such as KrisEnergy and Ausgroup.
We hope to see trading volume picks up in the next few days in order to see the stock reaching its potential objective at S$0.086-S$0.088 level.
Currently, the stock is trading below zero or negative for both of our Wyckoff indicators, the RS (Relative Strength to Market) and FFI (Fund Flow Index). We hope to see these indicators pick up and cross above zero and we should a sustainable mark up from here.
For mid-term traders who have already entered the stock today can apply 10D SMA as a trailing stop.