Rex Intl for the past 2 trading days had been a super good stock on the long side. After tumbling down last week, the stock reversed back with strength and buyers while yesterday it touched a high of 0.189. From 0.205 to 0.150 when the sell down happened, it was panic everywhere and everyone was looking to sell. And when the stock rose back, everyone was once again chasing it again with so much volume. Hence, this stock is very good for short term trading and intraday scalping since there was good range and there was a lot of buy/sell activities. In the coming days, I will be doing short term trading/scalping on this counter since it's touching the supply zone. Monitor it closely.
Ronald K - Market Psychologist - A Stock Market Opportunist
