Atwec Technologies Inc (ATWT)

[rheddle]

Folkie51 - go to stockcharts.com and pull up the chart for ATWT. Put the settings for the last three months as follows:

Bollinger Bands
MACD
Fast Stochastics
RSI (put the setting to "2")

Look how pretty today's white candle looks and look at all the other white candles with a heavy top (big white block at, or close to the top) after a downturn. All of them are followed by a run soon afterwards.

Look at the RSI (2) at how it dipped below 10 the last few days. Way oversold and then look back through the chart at what happened the last times it did that. Again, the shareprice climbed soon after.

Look at the fast stochastics. Black just went over red. Another positive sign IMO.

Also, a few weeks back, the low was .0033, so by hitting .0032 the last two days but not going lower than .0032 today we have pretty much hit a double bottom.

Volume has dropped off over the last few weeks.

I think the selling is done. It is possible to make mistakes and I have made plenty, but I think we could be in for a reversal.

I don't know if the reversal will break the general downward trend, because we have the 200 day moving average at .0044 to deal with, but I think a little pop is in order here.

I have also seen companies be rather nice to everybody at times like these and give a little boost with news to kick things off again.

I wouldn't go drinking too much in Vegas just yet! ...... probably a few beers in order after the recent sell off though - LOL

R