Protagenic Therapeutics Inc. (PTIX)

[ClayTrader]

** ATRN Video Chart 2/15/12 **

Finally, the chart has shown it 'is' human. Looks like some simple profit taking got a bit out of control, which then lead to panic selling. One thing I'm fairly confident of, many of the people that bought below $.10 took a good portion of profits today (congrats!). At this point in time, the primary "wait-and-see" item is no longer 'how high', but 'what kind' of consolidation will it have. Keep your eyes on the "support zone" made up of $.135 to $.155. If that area can't hold as a support, then look for the 20-SMA to be tested. As always, if the price pulls back more or goes sideways, the lower the volume the better.

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