Wednesday, November 14, 2007

AT - acceleration of thesupply line



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AT = 14.25 (-3.4%)

AT formed another black candle with lower high and lower low to test a possible support at 14.

AT has formed an aggressive supply line and the recent price action suggests an acceleration of this supply line.

I would really like to see a reversal pattern to form for AT as we are all awaiting its breakout from a possible inverse head and shoulders pattern.

AT is bearish since it is trading below the 32,65,130MA

Support: 14

Good luck to all AT traders!
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