REX is an independent Exploration and Production oil company. Today they have substantial concessions in Norway, UAE, Oman as well as in the USA, and is growing fast. Their important asset is the exclusive use of the technologies Rex Virtual Drilling, Rex Gravity and Rex Seepage.

Information from Shareinvestor.com:

I have been monitoring Rex INTL for quite some time. This counter is related to crude oil price.

On 17th Sept and 21st Oct. Fund and SSH brought at at $0.52 and $0.64

Let’s look at the chart:

From the daily chart, MACD histogram is getting shallow.

Price has been stable at 0.4 to 0.43, So I decided to buy some since I am getting better discount than FIL and SSH Mr. Wang.

I ask myself….. Why not!!!!!

Cut lose at $0.4, Target 0.45/0.455

Best wishes,

Divergence Trader Francis

Disclaimer: This blog is created for the sole purpose of education, discussion and knowledge sharing. All charts and information can be obtained freely from the internet. All analysis are based on my own personal view and years of experience. It should not be used as a decision to solicit buy/sell activity. Use all information at your own discretion and practice due diligence.

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