ATL Chart, page-15

ATL broke out Friday on good volume from a 4.5-month Channel (daily chart),
closing the week with strength (the most important price of the week, is Friday's close).
Very nice continuation yesterday...
I am not much of a fan of stand-alone Channel breakouts in general, but this coincides
with a break of a 65-week Ascending Triangle (weekly chart). Coinciding patterns have
much better success rates.
The target for the Channel was reached yesterday at 0.42. The measured move
of the Ascending Triangle indicates a target of circa 0.57
I had too many alarms go off on Friday and this trade slipped through the cracks,
picked up on it today while going over recently triggered alarms.
I am not willing to chase this here but will look for a viable entry at around 0.37
over the coming days, or re-assess next week if it can close the week above the
upper boundary. Personally, I would place a stop loss at around 0.32...
GLTA and well done if anyone caught that...