Rex Intl just dominated the Top 30 Volume with some good news today. Upon opening, the buyers were furious in their biting actions at 0.191 where the stock moved to 0.192 and almost cleared that 10m shares on the ask price. It was fast and furious but
because it was good news, hence, I would rather sell at the Top than buying it for short term.
As per the annoucnement in SGX website, it was a great news which explained why the stock price rose. However as
Rex Intl was touching the supply area, I was a little skeptical if it might clear the wall and as of now, it did not. Although this is a good counter for trading, it requires some skill to spot good turning points instead. Other than Rex, Interra Resource recovered a little while the rest of the penny stocks were just watching the actions. Waiting for more players to come in soon.
https://links.sgx.com/1.0.0/corporate-announcements/RZQYDKQHWDOG8SVS/cc35fde2a115d4b8773ed55959d78316f24adbdc168d5f607667e019da8fbcc4
Ronald K -
Market Psychologist -
A Stock Market Opportunist
