Technical selling based on inability to break and establish above July and Aug 2011 highs of 74 c, traded to 76 but was always going to be very hard to stay above those highs with developments still a fair way off, trendline support broken at 70c today (uptrend from 02 Nov) (and ~71c uptrendline from 04 Oct lows), so downside move was always going to accelerate through 70c trendline esp. on light volumne. Support at 60.5c, 55.5 c, 48.5c, and 41.5 c, ive been a holder for 10 yrs and will happily add at those lower lvls although id be very surprised to see it sub 55c now , so 55-75/78c rge for the remainder of 2012 should about wrap it up I think. 2013 hopefully higher.
EWC Price at posting:
65.0¢ Sentiment: LT Buy Disclosure: Held
