Wednesday, May 29, 2013

***** Monitor Closely: Rowsley. Share price 0.445. (Possible to stage a break out real soon)

Follow up from previous call made on 29th April 2013. Rowsley has been consolidating for more than 2 months below the critical 0.445 - 0.45 resistance level. Currently at Top 20 volume and high as of now is 0.45. Those looking for this break out can consider locking in some Long positions around these levels. More upside if the 0.455 and 0.46 sellers get lifted. Will average up on this break out with a near term target of 0.48 to 0.500. As long as 0.45 becomes the new support upon break out and holds, we are bullish in the near term.
Stop loss at 0.43.

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