lorrett after that nice close at 3.4 today IMO what you have stated they are one of the same.
IMO the rise is a pre-cursor of what is fundamentally to come.
1st... ministerial approval to frac
2nd... as you rightly state "commercial validation of Arrowsmith"
Don't underestimate the attention the "3 soldiers" will give to NWE. No doubt in my mind traders will take note, it is noted as one of the most bullish of TA signals, especailly at the lows such as NWE has been at.
"The bullish counterpart of three black crows is known as "three white soldiers" and is considered by some candle theorists as one of the most bullish candle patterns. The three white soldiers pattern is most potent when it occurs after an extended decline and a period of subsequent consolidation. When a particular stock posts a decline followed by a sideways movement, the appearance at that point of three white soldiers signals that higher prices are likely ahead." source: http://web.streetauthority.com/terms/t/threewhitesoldiers.asp
The only difference is they are green on my charts.
NWE Price at posting:
3.4¢ Sentiment: ST Buy Disclosure: Held
