For the week ending 23/7/10 using the "SKISE*" Charts;
AWE's SP "Daily Trend" is down but has a defined change of direction (as indicated by yesterdays SP increase, but is too early for us to buy.) "Weekly Trend" remains a defined downward trend.
SP has almost regained our previous support level of $1.57
AWE's current SP support is at $1.46 with resistance at $1.88. But these support /resistance levels look vague. Average Trading Range over last 10 days is $0.061. Long Stop at $1.443 Short Stop $1.687
With Yemen drilling results pending and Fridays gains on the US Markets, I wish all holders the best for next week
*SKISE is "Strategic Key Indicator Signals Evaluation" system used for buying or selling Shares, Commodities, Forex, ETF and Indices / Indexes.
** The above information is provided as general information only for the purposes of cross referencing with other information sources. You should not make investment decisions on this information alone. It is imperative to "Do Your Own Research" **
AWE Price at posting:
$1.57 Sentiment: None Disclosure: Not Held
