AWE 0.00% 94.0¢ awe limited

AWE to begin short term rally?

  1. 408 Posts.
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    Please ignore what I have to say as I am rarely right about the markets.

    Technical signals:

    1.  Break above top Bollinger Band (Bollinger band tightly "squeezed")
    2.  Break above initial 20 day High
    3.  DI+ has crossed above DI-
    4.  14 day RSI has crossed above 50
    5.  10day EMA has crossed above 20day EMA
    6.  Substantial increase in volume today

    Needs to break above $0.525 initially.  Resistance may be expected at $0.550 and $0.590.

    Note: In March 2017 the volatility (10 day ATR) has been the lowest since 2003. A breakout from a period of very low volatility often leads to an explosive move.
 
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