good call night stalker

from the night stalker

The chart shows an uptrend on strong volume, with a retracement on MUCH lower volume and decreasing. Then yesterday, a reversal candle with a downward-pointing tail.

All the signs suggest that the uptrend is still intact for the breakout, and that we MAY see some upward movement again over the next 2 or 3 trading days. If this DOES happen, AND on good volume, then AWS certainly looks the goods for a decent little run up.

As Raks said - this could well be a nice little retail play away from the Harvey Norman, David Jones, end of the market, and even though the market seems to be focussed on resources at the moment, there is a lot of money to be made by balancing the portfolio and including a couple of different sector stocks such as AWS.

I'm in no hurry - slow and steady does it for me. As long as the trend remains intact, I continue to hold.

Regards, NightStalker

"The trend is your friend till the bend at the end"