Wednesday, February 29, 2012 1:25:35 PM
ATRN
Both TA_Sleuth & PoorboyMcCoy are correct about a cup & handle pattern. No cup & handle up trend continuation pattern.
But there has been a positive pattern forming and ATRN should go back on strong watch for pennant breakout entry @ .30.
I personally have no idea why. There has been no news to create new retail emotion. But the pattern is there, Volumes still above 1 mill needed, at 5 mill. And a few well timed buys could start this one over again. The concern area would be decreasing volume, without and price pop before .20 support, to cause it.
Both TA_Sleuth & PoorboyMcCoy are correct about a cup & handle pattern. No cup & handle up trend continuation pattern.
But there has been a positive pattern forming and ATRN should go back on strong watch for pennant breakout entry @ .30.
I personally have no idea why. There has been no news to create new retail emotion. But the pattern is there, Volumes still above 1 mill needed, at 5 mill. And a few well timed buys could start this one over again. The concern area would be decreasing volume, without and price pop before .20 support, to cause it.
Welcome to my mind!
Success to all
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