Just a simple daily chart of ATS shown below. I’ve drawn some basic short term (pink) and longer term (violet) trend lines on the chart. The SP has today broken above the latest short term down trend resistance line and is very close to breaking above the 50 SMA. These breaks of trend line combined with changes in direction of the WaveTrend momentum oscillator have signalled the last four SP direction changes quite well. I think it would be wise to wait for a cross of the 50 SMA prior to taking a new long position. The only significant resistance level above the 50 SMA is the 52c High-Volume Close from 08/08. Possible target on the next move up is around the 60c level.
Pretty simple really and all just IMO of course. Good luck everyone.
ATS Price at posting:
48.0¢ Sentiment: Hold Disclosure: Not Held
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