EXXI was a good trade & hit its target. However, it is coming back to its support. We think it will be a good re-entry point.
* Trade Criteria *
Date First Found- January 17, 2018
Pattern/Why- Possible re-entry point from support
Entry Target Criteria- at current price ($7.07)
Exit Target Criteria- $10.62
Stop Loss Criteria- $6.63
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I look at the volume. When the first volume of it collapsed. The second she became . What will happen next ? I would take at 0.1 . More than 10 cents will not fall, and the potential of 1:8.
EXXI is a terrific buy. Kyle Bass increased his position... of which he bought at much higher prices. This company has free cash flow, spends a lot on CAPEX, and with their recent acquisitions, they will save 80M a year just in consolidating these synergies...