I am watching and wondering if NWE is not in the process of forming a eve and adam bottom. we had the nice rounded bottom down to 2.8c in early November followed by the sharp sell off then sudden reversal of sentiment on Friday which also saw a 2.8c bottom. That sudden sentiment reversal is typical eve and adam bottom behaviour.
One disclaimer though is that NWE needs to get all the way back above 4c to confirm....but it is nice to see that early signs are encouraging.
check out eve and adam bottoms (as opposed to the more common adam and eve bottom) at the bottom of the page on this link
http://www.hardrightedge.com/wheel/tcaea.htm
NWE Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
