Bulked up my position today on technicals. Strong confluence of support and numerous fib lines around the 3.8-4.1 region.
Still have a 2nd order sitting a 3.8 which may be a tad ambitious. If the support holds would expect a clear run to 5.3 with a brief stop at 4.7-4.8.
Still wrangling with to put a value on this company not being too familiar with gas plays. Would seem to me though that a single 4mcfd well (which I understand is already proven) is worth more than market cap alone on current valuations so plenty of fundamental upside to support a technical rise.
NWE Price at posting:
4.1¢ Sentiment: ST Buy Disclosure: Held