Andalay Solar Inc fka WEST

[dmlabuda]

In my opinion, this should prove to be a very good day to buy WEST. On the weekly chart, we show a broad Double Bottom supported by High Volume marking major base support for a new ensuing Bull Market. On the Daily Chart we have seen the price rise above the 200 day moving average and then fall back and find multiple tests of support in that area which have all held very nicely. In the last two days, we have seen last ditch attempts to break the 200 day MA support which have failed. Today's trading should confirm that no further attempts to test 200 day MA support will be seen. I would expect a quiet inside day consolidation now followed by a steady rise in price which should lead all 5 of the moving averages that I track and venture into new Bull market territory on the beginning of a 2nd leg up in a typical Elliot Wave advance.