I don't use technical analysis - but I do believe (in the absence of news)
it is a pretty decent short term predictor:
I have come to know Rymankoly is fine interpreter of graphs, charts and
the tools of technical analysis (in addition to a fine fundamental
investor and an all around good guy)...
This is for the message board and perhaps Rymankoly will post if he
agrees or sees flaws:
A friend here - a retired NY trader who is very sharp told me he
shorted ATRS a little into the decline. He is now covering his shorts and
is beginning to buy with a near term target of $3.77. If it doesn't
break $3.77 there could be further downside pressure.
If it breaks thru that number it will have a lot further to run on the
I have opinion on this - other than to say that if news is the fuel that
will power us past this (seemingly important to him, at least) $3.77 -
we should get it with the Otrexup acceptance, the conference call,
and maybe a pleasant surprise or two.
the fact that ATRS is keep holsing at 3.50 on the very red market day I think this is very positive, sell off volume is down as well, I agree that buy volume a little low but this is how reversal starts in my opinion...if we close at 3.50 or higher we should be good...