America West Resources, Inc.(fka AWSRQ)

[dude iligence]

EnriqueRico with all the languages you know and speak do you know how to read a stock chart and know what the experienced traders are doing with respect to AWSR? Official pick or not it just doesn't matter that was then this is now. What everyone has lost sight of is AWSR is .70 a share BUT ONLY 10 trading days ago it was ONLY .24 a share. Hmmm, that doesn't seem to matter to most of the I-Hub pumpers. All they care about is their entry pt. What is more important? Where you entered or where the stock started rallying from. The chart doesn't give a rats azz about your entry pt. Put this all in chart perspective. First though I had when I saw this chart the day it ran to $1.8 was this is a F'ed up chart, bad entry pt, no support, 400% gain already in. For the newbies that can't read a chart it was pure adrenalin they were running on. One look at the boards and you could hear the little voices in their heads. "I gotta get in, I gotta get in".

http://stockcharts.com/h-sc/ui?s=AWSR&p=D&yr=0&mn=3&dy=0&id=p72395342998


Hit a low of .14 mid Jan on very low volume then bounced around in the mid .20's on equally low volume with the 50ma just above in the upper .20's. Mid Feb got a one day pop to .50 followed by a pull back to .24 then the next 5 days didn't trade, as in ZERO volume. Then two days of light volume second day ending just above the 50ma at .29. The next day the email comes out at 1:43 pm cst. If you were able to buy in the first 2 mins you got in at less than .45 within 10 mins it was .80-.90 and not on huge volume. Shortly after that it was $1.80.

Simple supply and demand there was no volume in this stock very few mm's on it and most that owned it weren't sitting by the computer waiting to sell. All of a sudden there is a huge surge in demand. The price has no where to go but up. Pretend your the mm, get on the phone call around come up with a plan to let it go so high then flood some share that you don't have yet. After all you'll have the next week or two to cover.
So lets call .24 the base x7.5 = $1.8. A 7.5 bag pop in one Intra day move. What does common sense tell us. What goes up must come down. Now we start looking at how far it will come down. Read the previous paragragh like its a chart and ask what was the recent high? .50 jumps right off the chart at you. Where is the 200ma and the 50ma? 200ma was at .73 and the 50ma at .30. .50 is smack in the middle.
So the price runs from just above the 50ma shoots thru the 200ma and smacks the wall at $1.80 and starts sliding back down. There was no support at the 200ma seeing how it came from the 50ma. This means it was headed back below the 200ma toward the 50ma and would At least test the recent high .50. That is exactly what it did the following morning intraday tag of .50. If you were ready you got partial filled in the .50's. There was no support in the chart so last week was about build some support because you want the price to move higher without falling on it's azz again. Where is the resistance? The 200ma is the next resistance level. It's ready to move above the 200ma. But IMO it is not ready to rally beyond that. Does that mean it won't No.
The best thing that could happen next week is to move above the 200ma and base for a full 5 days on absolutely ZERO news or promotion from any services. If the price can do that then it will be ready to rally hard. The reason this is so important is because the risk/reward factor is not favorable enough for the experienced trader to buy more than small blk of shares. YET.

So you may get promotion as early as this coming week which could result in another pop but it will fall back to the 200ma anyway. Or it could get above the 200ma on the support of the new shareholders and anticipation of a bigger rally the following week.

The play last week was the NSRS technical bounce while AWSR consolidated and based. NSRS went from .09 low to .20. did you miss it?