Top Volume Stock Analysis (SG Market) - Rowsley

Rowsley (A50):

Bullish Momentum Resumes
Last Done: S$0.186

Stock price moved after Business Times reported that Peter Lim, company co-owner, has announced that it will speed things up at the company. Ng Ser Miang, has also been announced to be the new Chairman of the company.

The series of good news likely to get traders and investors excited with the stock's price action showing signs of possible uptrend momentum, with possibility of retesting its nearest resistance at S$0.20. A breakout from S$0.20, would see the stock's uptrend movement resume.

The bullish signs include white candle break up with high volume and MACD bullish crossover observed.

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