America West Resources, Inc.(fka AWSRQ)

[dude iligence]

AWSR recap

dude iligence


Wednesday, February 29, 2012 1:28:45 AM
Re: None
Post # of 7219
AWSR chart looking better. 50ma turning up, higher lows, pps closing near the 200ma. This things needs time. The biggest problem is most of you pennystock traders have the attention span of a gnat. If it's not going up everyday you think something is wrong. AWSR needs to build a base before going higher. Let everything stabilize and all the chart indicators will turn north then it will move and close above the 200ma. I would be happy to see this week and next to do nothing but build a base.

http://stockcharts.com/h-sc/ui?s=AWSR&p=D&b=5&g=0&id=p18021615014


Take a look at the following chart and see how patience pays off. ALIM got in average of $1.2 in Nov and Dec today $4.25 was the high it could be 3 times that in 12 months. Take a look at the base building right up to the 50ma, then once above the 50ma it sat on it for 5 days before moving higher.

http://stockcharts.com/h-sc/ui?s=ALIM&p=D&b=5&g=0&id=p27831351700

Best thing that could happen to AWSR is all this week bumping the 200ma closing just below it then next week close on the 200ma. And do this without any announcements from promoters. Then it would be ready.

--------------------

Looks like it did what it needed base and close just below the 200ma. Next week look for move above the 200ma and re-base. If it can do that it will be ready to be promoted and breakout.