Protagenic Therapeutics Inc. (PTIX)

[ICEQUITY]

ATRN expecting a turn back/ retracement? In my opinion I think everyone should expect one... Sometime.
Does anyone not think so?




http://ih.advfn.com/p.php?pid=staticchart&s=NO%5EATRN&p=2&t=19&vol=1

Comparing traded volume... Day traders have done a excellent job creating this ATRN rally... But if you look at the accumulation, the accumulation are near ATRN .05 levels.


http://stockcharts.com/h-sc/ui?s=ATRN&p=D&yr=0&mn=2&dy=0&id=p02045486315

If you are using the moving day average of a stock that was at 7M outstanding compared to the same stock with 100M outstanding... Then I say your averages might be a bit off.

R2 .1455
R1 .1092
P .0587
S1 .0224

Honestly... How much in sell volume do you think it would actually take to get ATRN@.0587


http://stockcharts.com/c-sc/sc?s=ATRN&p=D&yr=0&mn=2&dy=0&i=p75508465170&r=1630
Majority of the shares that are still being held are from .048 to.074
Looks like MMs pushed it up from .074 to .011... notice the empty gap traded volume?

2012/02/06 0.079 0.11 0.075 0.11 23,472,500 0.11
2012/02/03 0.051 0.085 0.051 0.074 17,088,406 0.074
2012/02/02 0.057 0.065 0.052 0.060 12,012,765 0.060
2012/02/01 0.067 0.068 0.055 0.058 21,929,673 0.058
2012/01/31 0.083 0.083 0.067 0.073 23,359,399 0.073
2012/01/30 0.070 0.095 0.063 0.081 32,209,369 0.081
2012/01/27 0.050 0.072 0.046 0.065 51,490,718 0.065
2012/01/26 0.029 0.050 0.027 0.048 21,555,785 0.048

How much in sell volume do you think it would actually take to get ATRN@.0587?
In my opinion... Not much, since these are elevated price levels created by day traders and market makers... 22M sold at .30 would do it - IMO

But what do I know... I really hope you hit your ATRN $1+ PPS Marks