chart, page-33

john risk,

that's another way of cutting it and if you can have the patience to sit on it, then NWE looks strong.

That is the difference I have been trying to highlight.
Technical discussion often focus on the very short term; and that's fine. However technical analysis can also be applied fruitfully on mid-long term trades.


If you look at the last 3 minor dips
5.8 cents - 30/aug
6.1 cents - 18/Oct
6.8 cents - today (06/Dec)

Progressively higher lows.
It remains to be seen whether or not the SP bounces off today's low and continues the upward trajectory.

I suspect that will be dependent on the news. It's been in a bit of a holding pattern since September.