REXX POTENTIAL BREAKOUT ON WEDGE DRIVEN BY OILREXX is breaking this descending wedge probably driven by the good news in the oil field. Pay attention to the price action for a potential big wave up.
REXX
REXXOkay, this is a risky trade because the company REXX is not real profitable. Negative net income. BUT if oil turns here, like I suspect it will, then REXX could be a double. I like the harmonic pattern with a 88.6% retrace. I could see a 50% bounce to the $1.47 level. RSI and %R is very oversold. Last time at these levels it went higher. TSI needs to turn higher.
