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Author Topic: Annotated charts collection, all my annotated charts posted on this forum.  (Read 23159 times)
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Dr PennyStock
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« Reply #15 on: May 18, 2012, 10:39:11 AM »

ATRN annotated weekly chart including supports and resistances.


Very important to understand how to read charts: previous supports become resistances, and, previous resistances become supports.


Supports and positive points are signaled with green, resistances and negative points are signaled with red.


Supports: .08(previous support and resistance point on the daily chart), .067(previous support point on the daily chart), .055(previous support and resistance point on the weekly and daily charts).


Resistances: .102(the MA50 on the daily chart), .125 - .13(previous support and resistance point on the daily chart), .15(previous support and resistance point on the daily chart), .17 - .18(previous support and resistance point on the daily chart), .26(previous resistance point), .3599(previous resistance point).


Positive points:

- The RSI already crossed up the 30 line, and, is poised to run, with much room to run, from 33 to 90.

- The PAR SAR was broken on both charts, this is a VERY STRONG technical buy signal. 

- The top of the descending channel was also broken.

- The descending channel, on the daily chart, was also broken.

- The MACD already crossed up months ago, and, is pointing up, this means strong accumulation for the next run.

- Finally, the ADX is flat, the +DI is ready to cross up the -DI, generating a powerful buy signal, and, the +DI has much room to run, from .25 to .60 - .65, enough to a run to $1.00 - $1.50.



Negative points:

- Nothing, at this time.


Weekly chart

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