Atmel - the trend is about to change Message Board

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Technology Stocks : Atmel - the trend is about to change

ATML 8.140

0.0%

Apr 12 5:00 PM EST

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To: cc rogers who wrote (8546)	7/1/1998 6:16:00 PM
From: Mang Cheng	Read Replies (3) of 13565

cc, just some observations today : the intra-day rebound of over $1 was a pleasant surprise (but not surprising since it's just a case of buy on bad news). On Balance Vol is showing a positive divergence - that means the price is coming down while OBV is going up meaning accumulation. MACD and Stochastic were moving up but at present abruptely braked. Here a TA should watch very carefully if the short-term up trend is going to be reversed or not (meaning a breakdown). If these two indicators stop for a couple days and continue to rise then we longs should be OK. Mang

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