
mkt sentiment is looking brighter, however technically the chart saying, Rex don look good on short term trading with the green line still unable to meet up with red line, it will take time (don know for how long it will take to meet each other)
If it it short term punting  - no good, as it did not show any reversal trench. 
Luna69 ( Date: 19-Oct-2013 16:22) Posted:
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Thanks for sharing your insight....looking to vest at this level, will keep eyes open to buy on dip.
Tomique ( Date: 19-Oct-2013 20:30) Posted:
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So for those holding Rex, don't kancheong.   Check with the chart, and wait for the short term average to move up first.
I am not vested yet. 
Sorry, can't get the chart to load.   But if you go to Yahoo Finance, get the chart for Rex, and add in the 5 day, 20 day and 50 day moving averages, you will find the the 5 day MA has crossed down.   This could not be a good sign.
Tomique ( Date: 19-Oct-2013 20:08) Posted:
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< iframe src=" http://sg.finance.yahoo.com/q/ta?s=5WH.SI& t=3m& l=on& z=l& q=l& p=m5%2Cm20%2Cb%2Cm50& a=m26-12-9& c=" width=1000 height=800> < /iframe>
Maybe those having Rex should take good care and look at the chart of teeth and this one updated with the 5 day, 20 day and 50 day MA. Don't look good.
 
agree. honestly, there should be some annoucements coming out soon. their 2 wells in USA is slated for production in Q4 2013 and exploration in 2 wells in Oman to conclude in the same period. |
Stock in focus - Rex International Awards Drilling Contract To Aban 7 
Rex International said in a press release statement that its jointly-controlled entity, Lime Petroleum, through its subsidiary Masirah Oil, has awarded a drilling rig contract to Aban 7 for the execution of its drilling programme in the company?s Block 50 Oman concession. Under the terms of the contract, Masirah will secure the services of the Aban VII drilling jack-up rig to spud and drill a minimum of two exploration wells ? Masirah North North #1 and Masirah North East #1.  The contract is anticipated to commence between mid-October and mid-November 2013  for an effective minimum period of 50 working days. Mans Lidgren, chief executive officer of Rex International said: ?The firm rig contract with Aban gives assurance that our drilling programme in Oman is progressing according to plan. The programme in Oman is an important step for the company in the roll-out of our drilling campaign throughout our portfolio.? 
Significance: The prospects of the two wells were selected for drilling after in-depth technical evaluation and verification using the proprietary Rex Virtual Drilling technology on top of other conventional methodologies. 
Production can potentially start by 1H14 through utilisation of an early production system if the drilling of the wells yield successful discoveries.
I do see a strong rebound come this week
Bro teeth, u mean trading range ard 7.5 to 8.3 like in mid to end aug ?
teeth53 ( Date: 19-Oct-2013 13:31) Posted: |
Bro, cheem leh..mean what?
Those who dare to take, pending risk appetite. Will not be like Sept or even Oct  period, more like min to end August trading patten.
http://sg.finance.yahoo.com/q/ta?s=5WH.SI& t=3m& l=on& z=l& q=l& p=m5%2Cm20& a=m26-12-9& c
(think so - see chart)
 
 
 
Simpsons ( Date: 19-Oct-2013 13:15) Posted:
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If 0.71 can hold, may has a chance to rebound. If not, will slide further..
Red line gave some hope of a mini +ve  rebound, while the green line totally tell a different stories.
Red line cross path of green line, while green line  indication is  falling. this is whereby short term trading don look good on chart for last week.
Just sharing my thot (not vested). 
bishan22 ( Date: 19-Oct-2013 12:51) Posted:
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$ Rex Intl  Last Friday - 0.735 

The red line gave some hope of a mini +ve  rebound, while the green line totally tell a different stories. (See chart)
teeth53 ( Date: 13-Oct-2013 14:30) Posted:
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No sign of reversal. Wait hor. 
bishan22 ( Date: 16-Oct-2013 17:24) Posted:
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Yeah thanks. 
Falcon ( Date: 18-Oct-2013 19:54) Posted:
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Axed Rex. Dont want to spend my weekend with a hangover.
Goodluck Bro holyOwl. 
terencee ( Date: 18-Oct-2013 19:35) Posted:
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no choice bro. Hit my Stop loss at 815 but I still hold on cos i hand itchy. Then 780 also my second stop loss. Buay tahan keep drop. So i set my last auto stoploss sell. 730. Hit and clear liao. =.= TMD.. 
h0ly0wl ( Date: 18-Oct-2013 19:27) Posted:
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woah you sell liao ah.. i thought you holding?? I am holding mine too.. 
terencee ( Date: 18-Oct-2013 16:03) Posted:
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