Protagenic Therapeutics Inc. (PTIX)

[ClayTrader]

** ATRN Video Chart 1/31/12 **

Looks like chart is entering into another period of consolidation here. No big deal, not the first time ATRN has gone through a period of consolidation (which in the big picture proved to be very healthy for the chart). The 'big bad wolf' is sitting up at the 50-SMA. This is the resistance level that will try to crush the price downwards, but it will be up to the Bulls to fight back. As always, with any kind of sideways or pullback price action, the lower the volume the better.

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Link to Video - click here to watch the technical chart video