Technically breakout from $3.75 top trading range was massive for AWE which also occurred during takeover play for ARQ. Provided no additional corporation action or major oil spikes occur short term im calling at top in AWE and retrace to $3.7-3.80 level.
Still undervalued here IMO however currently overbought and combined with oil chart a correction looks more likely than breakout above $4.20 atm. Could be wrong but just my opinion.
I took profits above $4.
DYOR
AWE Price at posting:
0.0¢ Sentiment: ST Sell Disclosure: Not Held
