Short Term Trade .
Rex Int, 5WH
Noticed a Double Bottom pattern. Its dying to break out.
Catalyst is the below
Saudi oil sites shut production after hit by yemens houthi drones
Buy Signal - Above 0.086
Take Profit - 0.100
Cut loss -0.074
Z74 Singtel for Week (16-20) '19
Main Chart is Downtrending.
The stock price is entering the channel, awaiting for the Qtrly annoucement ( 13 Nov 19)
See Resistance and Support line.
3.10 - 3.27 . ( Currently closed at 3.21)
Wait for its to come down 3.10 .
EP - 3.10
TP -3.25 to 3.27
Profits - (15 to 17 pips)
Cut Loss - 3.05