A double bottom would show that it's heading up, I see no sign of that. I think the market is hurting all stocks though.
The aussie dollar falling will hurt the price of imported cars, but the counter-argument to that would be that interest rates are also falling and people can afford to buy a car. There is also the argument that the WA economy is coming off and they have a very large presence here.
Staying on the boundary line for at least at least the next couple of months is probably the best strategy.
Pep
AHE Price at posting:
$3.42 Sentiment: None Disclosure: Not Held