littleriver

REX AMERICA BULL ON THE RISE

BATS:REX   REX AMERICAN RESOURCES CORP
56 0 0
Price has consolidated here between 38 and 42 forming a very nice symmetrical pattern. I believe this counter trend move is complete and I expect a positive break with volume next week. Looking at bear candles at resistance, bearish sentiment appears to be diminishing as volume on red candles has greatly reduced. Meanwhile, bullish sentiment appears to be on the rise, as the second strongest volume of the formation belongs to the bulls. This bullish candle is the flag pole for current bull flag in play and the foundation for coming move up. Looking for a target of 46.
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