Protagenic Therapeutics Inc (PTIX)

[dmlabuda]

15-minute Chart Analysis. Yes Virginia, we could have a bull market here but, then again, we may not! So far, there was no follow through rally today. So, if we do not get a follow through rally the rest of the day, then we are most likely looking at a bounce in a bear market. However, if the price corrects now as it appear to be doing and that correction falls within the normal Fibonacci range (see chart below) then a rally could follow that price correction that would have the potential of reaching new high prices and that would confirm a continuation of the bull market that began around the first of the year but, ended in February. On the Daily and Weekly charts, ATRN remains in a Bear Market. If you are a swing trader, you most likely took profits this morning. If you are a long term trader who bought below $0.05/share you can still feel comfortable holding on here but, watch this price correction closely because it if fails to support above the 62% Fibonacci range, then your profits could erode quickly if you choose to hang on.

ATRN - 15 min Candlesticks