BW CHAN
Look at a years chart on ATML. I may have found a rolling stock. After I wrote that post last night, I checked over 50 charts of differents stocks.
Look specifically at the girth of each parobolic curve (macro-analysis, eliminate the small spikes). I am coming up with 6-8 weeks.
Also look at each valley, it appears that each subsequent vally is slightly higher than the previous one. The same goes for the major peaks, with the exception of the one last sping when the it popped into the 40's.
As mainly a chartist, It appears now may be a good time to buy, with the chance that it will approach 25. From my calculations of occillating indicators, time, slopes - I am suspecting that by 1st week of December ATML will be near 30 with a maximum of 35 by the middle of December.
Taking it further out, ATML may then drop to the mid 20's again, lets say 26, slightly higher than previous bottoms. (assuming that the current down-trend may take it to 25).
Chandler, my analysis is only a technical one, anxiously awaiting any comments from you from a more fundamental/ less technical viewpoint.
The only real fundamental facts I have about ATML is that it beat its numbers, and the CEO stated that the following Quarter may be flat.
Hope to hear from you soon.
I have been in ATML since 35, bought in MAY, when I just started trading. If I only knew what I know now.
REGARDS |
