REX (5WH.SGX) - Break out from accumulation

1. Accumulation Stage
- consistent sideway price in a box with consistent volume
- a lot of T signals appeared to test sellers and buyers during accumulation

2. Shakeout
- Red down bar with low volume
- Smart money shakeout weak hand holders with price breaking below 40MA
- NS signal confirmed with reversal pattern

3. Break out from accumulation stage
- Green Pentagon appeared indicates increasing momentum
- Price break out from previous resistance of 0.165, potential mark-up stage
- Well-supported above 20 MA with increasing volume
- Monitor for continuation of trend

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Disclaimer: This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock.

$SGX-5WH