Rex Intl gap down again today. However the difference between this gap down and the first time it gap down was the sprung up action where buyers came in to support. The first time it gap down it was from the top where sellers were locking to lock in profits while today's action suggest some mini support came to the stock. Will I buy this stock now? Not really because I need more clearer signals for higher price to come which I haven't seen any. However, I will keep this counter in my watchlist for coming days/weeks as the buy/sell queues uniformed out which might be a good sign. Continue watching the Top 30.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
