Tuesday, 10 July 2018
Funds Flow Analysis of Ring Energy Inc (AMEX: REI): 10 July 2018, Tuesday, 12.20am Singapore Time
10 July 2018, Tuesday, 12.20am Singapore Time
(Click on Funds Flow Chart above to Expand)
Attached is the funds flow analysis of Ring Energy Inc (AMEX: REI) that is listed in the US market. The red region illustrates where the stock experienced funds flow net outflow while the green region illustrates where the stock receives funds flow net inflow from the market. The blue circled region is the region of flip from funds outflow to impulsive funds inflow. Thereafter, the stock went gradually up from $10.00 to $17.00, a gain of +70%. Ring Energy Inc has retraced to $13.73 region and has successfully tested double black lined support under the backdrop of strong funds inflow (black circled region). It is expected to rally beyond $17.00 resistance.