Tradelog: bought AT on retracement buy
(AT Chart as of May 4, 2009)On March 26, 2009, AT breakout from a double bottom pattern and formed a peak @ 4.55. It then pullback from its resistance @ 4.05 also closing the gap when it breakout.
AT has since then formed another peak @ 6.3 which is the 38.2% fibonacci retracement level. AT then corrected and bounced off the 4.95 which is the 23.6% retracement level forming a long white candle with a nice volume plus the 65-Moving Averages just crossed over the 130-Moving Averages.
Bought a few shares of AT @ 5.4. My stop-loss is @ 4.95. And, my initial target price is @ 6.3 which is its previous resistance.
AT has since then formed another peak @ 6.3 which is the 38.2% fibonacci retracement level. AT then corrected and bounced off the 4.95 which is the 23.6% retracement level forming a long white candle with a nice volume plus the 65-Moving Averages just crossed over the 130-Moving Averages.
Bought a few shares of AT @ 5.4. My stop-loss is @ 4.95. And, my initial target price is @ 6.3 which is its previous resistance.
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