AWE - AUSTRALIAN WORLDWIDE

Chart Forum » Stocks - ASX: short term (strictly TA) » AWE - AUSTRALIAN WORLDWIDE

«« Previous Next »»

Thread Start New Thread
Last Poster Posts Pages Last Post

Author

Message

justice

Member

Post Number: 1159
Registered: 01-2003

Rating: N/A
Votes: 0


Sunday, May 31, 2009 - 07:26 pm:

Probably more a continuation pattern here than breakout. Maybe both.

hershy

Member

Post Number: 2296
Registered: 10-2002

Rating: N/A
Votes: 0


Sunday, May 31, 2009 - 10:46 pm:

Hi Juz

Daily AWE.
Perfectly behaved wedge. Breakout approx 2/3 of the way along top axis. As I understand it, if the breakout occurs in the first 2/3 rds of the pattern, it has a very good chance of reaching it's target. AWE has set up a target around $3.75. A close on Friday above resistance brings support to $2,85. Next resistance lurking just ahead at $3.10. Has created a mini pennant on a flagpole that suggest a breakout to above this resistance. AWE may be on course for a fast move to target.

I do it doji style !

http://members.optusnet.com.au/~hershy/

hershy

Member

Post Number: 2862
Registered: 10-2002

Rating: N/A
Votes: 0


Wednesday, December 02, 2009 - 10:10 pm:

The wedge did not quite reach it's target and AWE has been consolidating inside a 90 cents range. It seems to me forming a completed H & S pattern and is worth watching.

I've been on my cruise ship for 3 days and have not left my cabin yet. There are two doors in my cabin. One leads to the bathroom and the other has a sign on the door knob that says "Do not disturb".

http://members.optusnet.com.au/~hershy/