Rowsley after hitting the high of 14.4 cents on 11th Oct 2017, it has since correctly sharply and went down to touch 11.1 cents on 8th Dec 2017. The selling down seems quite drastic as reflected on the chart. Will it continue to go lower! Yes , it may.
Currently, it has shown a doji on the chart which may be an un-decisive direction.
Will it be able to bounce-off from 11 cents and move up the channel..
A rebound from the current price level may have to see if it is able to hold above 11.7 cents that may provide us some indication about the direction for this counter.
If not, breaking down of 11 cents, it may likely continue to move down to touch 10 cents ..
Not a call to buy or sell.
dyodd
( trade base on your own decision)
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