Technical Insider

Source: Technistock through Citiseconline (or STAR) Atlas Consolidated Mining & Development Corp.’s subsidiary Carmen Copper Corp. (CCC) is projecting a net profit of $22.5 million this year on the back of a $199 million gross sales revenue. In an investors’ briefing last Friday, officials of CCC also expressed confidence that its third quarter financial performance (which is expected to be announced by Nov. 19) will be much better than its second quarter performance. In a presentation by George Bujtor, executive director of CCC, it was also projected that gross sales revenue for next year would continue to increase to $315 million based on a copper price of $7,050 per ton. CCC is expected to ramp up production next year to 43,158 tons from this year’s expected production of 26,629 tons. Bujtor also revealed that ACMDC will decide by the end of this year on whether its would continue open pit or resort to underground mining to tap the remaining resources in its Lutopan mine in Tole...

AT = 16.75 (+6.3%) AT formed a white candle with higher high and higher low. Volume of 9.4M greatest since 15 November 2007. AT was able to move above possible resistance of 16.5. Might test possible resistances at 16.75 and 17.25. Price of AT above the 32MA. AT still oversold based on the RSI at 77.8 MACD again poised to cross above the signal line, both above the zero line = Buy long AT pushing the upper Bollinger Band. AT hit the parabolic SAR which was serving as a level of resistance. Good luck to all AT traders!

AT = 11.25 ( +4.70% ) AT weekly formed a 3rd straight white candle with higher low and lower high. Might be on its way to test supply or resistance line. AT formed a big white candle with higher high. Volume decreased. AT seems to be on its way to test the resistance or supply line. AT was also able to move above the 32MA. Bullish. I can only hope that AT will be able to continue to form higher lows and higher highs, especially on the coming bloody Monday... Good luck to all AT traders!

AT = 11.5 AT formed a gap up white candle. Biggest volume since 8 February 2008 AT seems to be testing resistance made by previous gap down. AT moved above 32MA. Bullish short term. AT pushing upper level of Bollinger Bands. Bullish. Good luck to all AT traders! :)

AT weekly formed a black candle with lower low and lower high. AT weekly seems to have formed a bullish hammer. This reversal pattern will be confirmed if AT weekly manages to form higher lows in the succeeding weeks. I hope it does :) Godd luck to all AT traders!

AT = 11.5 ( -8.0% ) AT formed a long black candle with lower low and lower high. Volume increased significantly. AT looking to test support at 10.25? Careful AT traders...

The directors of Atlas Consolidated Mining and Development Corporation ("Atlas") are pleased to report that the $200 M rehabilitation of its copper mine in Cebu is progressing well and on schedule. The mid-2008 target of first production of copper concentrates for export is likewise on schedule, averaging 47,000 tonnes per year of contained copper for at least the next decade. Approximately 3,600 personnel have been hired by Atlas subsidiary, Carmen Copper Corporation ("CCC"), to work at its Toledo Copper Mine which is well advanced in its rehabilitation program. With skills still available at the Toledo mine, practically all the rehabilitation/construction activities are done in-house from the fabrication of the flotation cells at the processing plants to the repairs and reconstruction of the port facilities. Waste stripping at the South Lutopan Pit is ongoing, with materials moved averaging at 73,500 tons per day (TPD), exceeding the programmed waste stripping of ...

AT = 14 ( -5.1% ) AT formed a black candle with lower high and lower low to test a possible support level at 14. AT has formed an aggressive supply line. Bearish. Support: 14 Resistance: 65MA Good luck to all AT traders!

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!

AT AT formed black candle with lower high and lower low. AT respecting aggressive demand line. Might be forming a complex shoulder prior to eventual breakout of the inverted head and shoulders formation. Support: 65MA Resistance: 32MA Good luck to all AT traders! Disclosure: Bought some more AT at 15.25