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Technology Stocks : AT&T Latin America - ATTL

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To: Charles Kalb who wrote (3)8/8/2001 9:02:27 PM
From: Charles Kalb   of 6
 
ATTL Bearish Breakout Today? (more details)

AT&T Latin America (ATTL) might be a good short in the morning if it continues to move down. My Daily chart shows simultaneous breakdown of four Bearish chart formations today:
1. Up trendline broken to downside
2. Head & Shoulders Top confirmation
3. Ascending Broadening Wedge breakout to downside
4. Diamond Top breakout to downside

ATTL closed at 3.39 today. The minimum target for the Broadening Wedge breakout is 2.40 at base of Wedge. The H&S Top and Diamond Top have the same target, about 1.60.
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