Monday, April 29, 2013

**** Trading Buy: Rowsley. Share price 0.41.

Rowsley has broken the 0.400 psychological resistance level today after closing above it last Friday. More upside to 0.445 level immediate resistance possible. As long as 0.400 remains as new support level, we are bullish. A break above 0.45 level can see it go to 0.500 to 0.53 level potentially. Volume at TOP 2 currently on breakout which can signify interest. Note that it has broken above the 20 DAY MA  (Green Line) last  Friday which can also signify short term uptrend in placed.
Stop loss at 0.39 nevertheless. 

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