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Technology Stocks : Atmel - the trend is about to change -- Ignore unavailable to you. Want to Upgrade?

To: hpeace who wrote (7703)	1/2/1998 12:37:00 PM
From: Bud Fox	Read Replies (3) \| Respond to of 13565

Looking at the chart suggests that the worst might be over. A low in the mid 18's, followed by a test of 20, then back to re-test the 18's and now pack up near 20. This looks like a possible double bottom (W pattern). It will be confirmed "IF" ATML can hold above 20, which appears to be near term resistence. A close above 20 would be a short term buy signal. The next resistence looks to be around 23. Additionally, volume has increased on this most recent uptick. Not a hugh rally up, but maybe the stock has bottomed. Good luck