weekend charting oct 15217

  1. 2,829 Posts.
    starting the thread with a follow up on AWE so Matt can tell me to short it. It is a 60 min chart showing what looks to be a triple bottom, with the 3 lows rising a minuscule amount each time. If it breaks the common trigger line, "run fer the hills" (actually I will just short n shed).

    Looking at it objectively though, there is probably another good low risk trade in this one if it decides to test the green support tine, and there are very clear bailout guides, so there should be no real problem in making a quid.

    There is also an interesting descending trend line, which will offer a good trade at some stage in the not too distant future, I think.

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