Look at posted #1.My TA remain same.resistance become support. 1st and 2nd support 0.82 and 0.795. Next week time to give support base on chart. ≧◠◡◠≦✌
From 0.95 plus dip until present price. Is this a bad stock? No. Fundamental is good...this is an oil and gas company. Although recent financial result disappointed me.
Weak market sentiment still hold well at 80cts plus. Final push to dive after 7 Oct penny stocks crash plus US "shutdown" saga.
You buy prepare cash to hold. As you can see me already babysitting at 0.82. Weekly chart next support 0.70.
Rex Intl - JOINT VENTURE WITH OGSONIC AG - COMPLETION
Unless otherwise defined, all capitalised terms used in this announcement shall bear the same meanings ascribed to them in the Company’s announcements dated 28 October 2013, 4 November 2013 and 12 November 2013 in relation to the Joint Venture in Rexonic
The Board of Directors Pursuant to the fulfilment of the condition precedents in relation to the Joint Venture in Rexonic with Ogsonic AG, the Company and Rex International Investments Pte Ltd had on 13 November 2013, completed the transactions relating to the Joint Venture in Rexonic with Ogsonic AG.
BY ORDER OF THE BOARD Dan Broström Executive Director and Chairman 13 November 2013
The company is in red heavily. It has yet to find the oil, and they also need money to pay the directors and workers' salary. Where to get the money? The answer is from the small share market.
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inphyy
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Posted by inphyy > 2013-10-12 00:56 | Report Abuse
Look at posted #1.My TA remain same.resistance become support. 1st and 2nd support 0.82 and 0.795. Next week time to give support base on chart. ≧◠◡◠≦✌