Rowsley Falling Wedge Formation

Falling wedge breakout direction will determine future price movement. Further upside thrust if there is a strong breakout above the green falling wedge. First resistance zone is the 31 to 30 cents region. If the current red channel support holds, potential price path will most probably be  within the red channel.

Any downward drop below the green falling wedge will test next support zone at 23 to 22 cents. Gap support upper boundary begins at 20 cents. Be nimble and happy trading.