Protagenic Therapeutics Inc. (PTIX)

[ClayTrader]

** ATRN Video Chart 2/10/12 **

Profit takers stepped in late in the day to create an Inverted Hammer candlestick. Combine this with the fact the price is well outside the upper bollinger band (a sign of 'overextension'), it looks like ATRN has some consolidating to do. But, given the history of the chart, everyone should know the previous consolidations have been very very healthy for the chart. The same thing applies as always. As long as the support levels hold during consolidation (all mapped out in video), then no need to worry. On any sideways or downwards days, the less volume the better.

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