“Stocks are like cheese. The rat will work his way to grab a piece of the cheese with less to no harm.”
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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