Rowsley (technical)

Rowsley: UOB Kay Hian has Technical Buy Call with $0.56 TP. Note that the stock may continue its rebound after its recent retracement found support near its rising 50-day EMA. The stock has also been supported at its rising 100-day EMA earlier. Its MACD indicator appears to have failed to form a bearish crossover and has hooked up instead. Watch to see if the stock could break above $0.485.