Andalay Solar Inc fka WEST

[dmlabuda]

I'm not sure what you mean by "support level structure". But, if you look at my daily chart (link below) you will see that I follow 5 moving averages. The short-term moving averages (10 and 20 day EMA) generally become support for a trending market. You will notice on the daily chart how the price has moved above those averages now. http://stockcharts.com/h-sc/ui?s=WEST&p=D&yr=0&mn=7&dy=0&id=p08020426942&a=240661626&listNum=3

I also follow 4 different time frame charts (weekly, daily, hourly, and 15-minute). You will notice how in the microcosm (the 15-minute chart) how an uptrend has already been established and the 10 and 20 candle EMAs on that chart (for the most part) have contained the price. That is to say that anytime the price dipped to the 20 candle EMA, buying became more aggressive. You will also notice on the 15-minute chart that the one time the price penetrated the 20 candle EMA, the 50 candle EMA provided support. http://stockcharts.com/h-sc/ui?s=WEST&p=15&yr=0&mn=0&dy=8&id=p00214300929&a=242423769&listNum=3 Also on the 15-minute chart, all the moving averages are in alignment with the short-term averages on top and the longer term averages on the bottom. That indicates an up-trending market.

On the Daily chart however, that is not the case yet. You will notice that the daily chart is still technically in a down trend and you will see that the price met with resistance today (rally temporarily stopped) at the 50 day MA. Should market momentum carry the price though the 50 day MA now, there will be additional resistance at the 84 day EMA. Support on the daily chart now should hold at the 20 day EMA.

Hope that answers your question.