re: looking awfully bearish , chart?
Tend to agree Arthur,
Todays upward move has abruptly halted at the 20 day MA (which is heading down), and correlates with a resistance level that I see at $5.34 (23.6% fib). Further down I see support at $4.94 (38.2%)
Apart from this, it looks like a head and shoulders, although not quite as distinct as the one in AWC.
I would not be going long on the strength of todays action. Confirmation of a break above $5.34 is needed I think.
I am inclined be to short. Although I would favour shorting AWC (the chart looks weaker to me). Having said that, AWC and WMR have moved almost identically in % terms since the demerger (figure that out - different business and all?)
