Protagenic Therapeutics Inc. (PTIX)

[Dr PennyStock]

This is why ATRN will run tomorrow.

Well, I will go directly to the point, as you can see, the up trend of ATRN, is an exact mirror of the down trend, it is a perfect V shape recovery.


Ok, if you look to the down trend, when the stock supported at .26, the stock supported there two weeks, it has tried to bounce in the third week, and, in the fourth week, it has broken the support, making a Black Marubozu(signaled with the red arrow), with open at .32, and, close at .13, losing about 60%.


Ok, now look to the actual up trend, we have a very similar situation, the first candle is a white candle, the second confirmed resistance at .26, with a close under it, the third closed red, and, the fourth(signaled with the green arrow, will begin tomorrow) will break the resistance, and, following the theory, the candle may have the same amplitude, so if the other candle, when the stock broke the support at .26, opened at .32 and closed at .13, the next weekly candle, beginning tomorrow, may open at .214, Friday's close price, and, close or make a HOW(High Of the Week) at .47, but, I am being conservative, and, using a previous HOW of one of the candles on the down trend, I think that a run to .42 is ok.


Attention, this is the weekly candle, I am not saying that ATRN will run to .47 or .42 tomorrow, I am saying that tomorrow will break the .3599 - .38 resistance.


Weekly chart