CWE carnegie wave energy limited

While everyone is complaining about a declining SP, I bit the...

  1. 237 Posts.
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    While everyone is complaining about a declining SP, I bit the bullet today and purchased some more above my target price (I wanted to get in @ $0.044, but I'm getting nervous about a near-term end of selling).
    From a TA point of view CWE looks as tho it should beging chopping side-ways more in the next few weeks/months at the very least. Better yet it could start rallying. If price continues around where it is at the moment we need (today) the SP to get above $0.05-$0.054 to begin a rally (daily chart). However, the weekly chart has resistance at $0.06. The monthly chart I have has resistance @ $0.1. So, certainly in the short to medium-term (6 months) I am bullish, but it'll be a volatile process to get above $0.1 longer term (but I am a believer).
    Keep the faith guys, the next 12 - 24 months are going to be very interesting for this company excluding the news-flow.

    Regards,
    Propagandista
 
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