Monday, July 31, 2017

Rowsley - Rebounded Today

Rowsley rebounded today with many fluctuations in the minute chart. The stock is mildly bullish but the speed at which the buyers buy is different from last week. It's gentler and not so fast anymore which suggested that there are a lot of stale bulls up there waiting to cut loss. Every time some buyers buy, more sellers throw and one needs to wait till the selling abate before start buying again. I am bullish now.

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Update: 31/7/2017, 3:35pm

Rowsley indeed moving up higher mildly with so much buyers. The buyers are in control after my blog post. :)

Ronald K - Market Psychologist - A Stock Market Opportunist