AI
Saturday, April 24, 2004 7:40:29 PM
ATNG bullish buy indicators made it from the subpenny into the penny range on Friday. Here's what i think about the chart, and why it gives a strong buy signal:
Bollinger: Consolidation near the upper bollinger. In my experience, this is characteristic of a breakout
MACD: About to cross the zero lines, headed upwards.
ADX: This is above 35, just under 40 (40 or near is rare and signifies a strong trend, as you all probably know). I find this to be a reliable indicator, to show the strength of the current upward trend. Usually I use the ADX in conjunction with other indicators, to test how strong and correct the results of the other indicators really are. For e.g in this case the MACD is about to do both a bullish crossover and a positive divergence and such a solid signal reflects on the ADX showing near 40.
The significant thing about ATNG is that the company's current status reflects on the charts. What i mean is, the company has picked itself up, is actively involved in strenghtening its business operations, and is heading towards "good times". The same can be said for their stock by looking at the charts.
IMO definitely a good buy after the weekend.
Bollinger: Consolidation near the upper bollinger. In my experience, this is characteristic of a breakout
MACD: About to cross the zero lines, headed upwards.
ADX: This is above 35, just under 40 (40 or near is rare and signifies a strong trend, as you all probably know). I find this to be a reliable indicator, to show the strength of the current upward trend. Usually I use the ADX in conjunction with other indicators, to test how strong and correct the results of the other indicators really are. For e.g in this case the MACD is about to do both a bullish crossover and a positive divergence and such a solid signal reflects on the ADX showing near 40.
The significant thing about ATNG is that the company's current status reflects on the charts. What i mean is, the company has picked itself up, is actively involved in strenghtening its business operations, and is heading towards "good times". The same can be said for their stock by looking at the charts.
IMO definitely a good buy after the weekend.
It's all in the humblest of my opinions, and it's all about balancing your act, much like this:
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