Rex Intl just simmered and sold down with sellers. Not only Rex Intl was down, a lot of oil related stocks like Sembmarine and Sembcorp all crumbled too. It's telling you that the traders were buying on rumours and when news is out, all were selling.
http://stockmarketmindgames.blogspot.com/2019/10/rex-intl-i-am-taking-profits.html
So I alerted to take some profits for Rex Intl because it touched the supply zone. At this price, I won't be chasing as the quality of demand decreased and the supply increased tremendously. Glad that some of my traders locked in profits and congrats to all who booked profits too. This is the only oil penny stock that is quite stable as compared to the rest of the penny stocks.
Ronald K - Market Psychologist - A Stock Market Opportunist
