I sent out a live trading signal to members on 16 Sept (last Wed) at ard $0.139(as shown in pic below). and price shot up to $0.157 in the afternoon, a 12.9% potential profit, within the same day. And 2 days later, price went up to 0.160, 15.1% potential profit, in 3 days. Actually only 1 week+ before that, I just warned members to be cautious on the potential sell down of Rex, and price suffered severe sell down to drop from 0.152 to 0.126 in a week, those who read the warning may avoid a loss of 17.2%. Timing is very important to survive in the volatile market. Congratulations to those who followed my trading idea and made nice profit in this weak local market!
My live trading signal for Rex can be found below
Below is my warning sent out on 4 Sept and after that price droppped 15% within a week.
After the ROCKET move of Rex, many mkt participants start to look at it. Ystday when STI sell down, Rex pull back, what should we do now? Below is what I think for now:
First, I will say at this moment, Rex is not in a clear uptrend, therefore we should not expect price to make new high very soon. After the pull back for the past 2 days, it really finds good support again at ard 0.140, and price is likely to rebound again. However, recent rebound had formed a strong resistance ahead at ard 0.152-0.155, the rebound potential is lower. Current price is ard 0.145, one may consider this plan to catch a possible rebound again: queue at 0.142, stop loss 0.137. The potential will be 0.150-0.152. the plan is worth trading according to risk/reward ratio, but the potential is kind of limited because of the resistance above.
For those who used to have nice profit but did not sell when price above 0.150, I will suggest to learn how to sell on strength, it is a very important skill in current volatile market. For this case, we had plenty of time to sell above 0.155 to pocket in 10% profit, or may even sell above 0.160 during the rebound. but if do not aware the pull back risk, price can drop a lot like this and eat up all profit. We have to face the fact that this is what mkt doing nowadays. this For this case, since Rex may rebound again (although likely to be weaker), can hold for now and monitor closely. Once Rex shows weakness again, the consider sell then. Good news is current price is still higher than you entry price of 0.139 which i adviced before the first rebound on 16 Sept.
First, I will say at this moment, Rex is not in a clear uptrend, therefore we should not expect price to make new high very soon. After the pull back for the past 2 days, it really finds good support again at ard 0.140, and price is likely to rebound again. However, recent rebound had formed a strong resistance ahead at ard 0.152-0.155, the rebound potential is lower. Current price is ard 0.145, one may consider this plan to catch a possible rebound again: queue at 0.142, stop loss 0.137. The potential will be 0.150-0.152. the plan is worth trading according to risk/reward ratio, but the potential is kind of limited because of the resistance above.
For those who used to have nice profit but did not sell when price above 0.150, I will suggest to learn how to sell on strength, it is a very important skill in current volatile market. For this case, we had plenty of time to sell above 0.155 to pocket in 10% profit, or may even sell above 0.160 during the rebound. but if do not aware the pull back risk, price can drop a lot like this and eat up all profit. We have to face the fact that this is what mkt doing nowadays. this For this case, since Rex may rebound again (although likely to be weaker), can hold for now and monitor closely. Once Rex shows weakness again, the consider sell then. Good news is current price is still higher than you entry price of 0.139 which i adviced before the first rebound on 16 Sept.
Did you miss this Rex opportunity? or you feel hard to do stock pick and market monitoring to catch nice great trading opportunities, like Rex and other stocks (click HERE to read other trading calls made) ? If you would like to receive trading ideas for great stocks like Rex and improve your performance in future......
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