Hi Jonric, I wouldn't say i'm ever optimistic about any stock. It's just level management, the Jan/Feb base was quite strong and should still provide support between a band of 41 and 49 cents. It is showing signs of being oversold on a short time frame and there is a reasonable probability of a run to the 74 cent area at least.
However if the support area between 41 and 49 should fail, I would lose all interest in the structure and move on.
Cheers
AWE Price at posting:
57.5¢ Sentiment: None Disclosure: Not Held