5.16.2013

May 16- ATN technical analysis


ATN Chart 6-Months scale






















Technical analysis:

Stock: ATN
Date: May 16

Current price: 1.61 H-1.61, L-1.58
Support:1.45. 1.35
Remark: Third attempt to break 1.62..at work to make 1.62 a support 

Resistance: 1.70, 1.80, 2.0 trading above 200MA with converging 30, 60SMA (good sign for me)
Remark: showing bounce on 30SMA, Vol above 10EMA

Adding: 1.70 breach
Selling: near 2.0 (or see price action)

Indicators:
MACD histogram changing direction
sts still within tradeabe range, up
RSI ok

Other notes:
Current price: 1.61
Book Value= 3.05

PD: NO ATN

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