chart, page-60

Gotta as said before you balls may be saved by 8.5c. LOL
I have done this follow up for those that are interested.
Need to start looking for the cash to back my convictions or I again will be on the sidelines...

AED was widely discussed last week on the charting thread as it is responding so well to an array or TA methods.
I have posted this there and here for the avid AWE holders to show that I have not been a bagger of this stock. I never had ulterior motives just explaining what I saw for those that are interested. The bits in bold at the end are to be read and understood. We are not out of the woods yet

Here is my take on its current position.

The measured move pulled up 8.5c short. (146.5) Dosent mean we still wont get there or exuberantly pass it but other indicators are hinting of a possible turn.
1st chart explains what I was looking for as a possible target from which to start looking for an entry.

Measured move target 138


The new low is also supported by the Point and Figure chart from 2005.

P&F support


Having pulled up short and showing potential strength of the previous support it is now showing an ounce of divergence on the MACD and RSI. We now need to start to look ahead thinking that sentiment may be changing and an entry may be close at hand..

MACD Divergence


Looking for an entry
I have left the last 2 Count Back Lines in place to show you how they have both failed. We may or may not make a new low from which to draw a third CBL. However a break any CBL is one signal to buy.

CBL for entry


The next signal from watching the most recent Pitch fork in white. Here we have had a break of the upper tine and a rising trigger which has been tested once and convincingly rejected. A test or two before a possible break may be on the cards. A break of this and back test will also be a buy signal.

Rising Trigger


Over all IMO signs are starting to creep back into the chart to indicate that sentiment for this stock is changing. No need to rush atm as there will potentially be a few opportunities to jump in. You may miss the initial exuberance BUT it is better to be on the right side of sentiment than not.