ATA has reversed its short-term downtrend so it can advance to $0.42 and $0.50 in the near term. The $0.50 zone is a very strong resistance area so it will be difficult for ATA to overcome this area but a flash pump like Feb-11 is entirely possible. However, if ATA loses this $0.35 zone, it will be quite dangerous and we will need to consider buying it back at $0.3 because it may fall deeper.
ðRED PLAN
âŧïļCondition : If 1-Day closes ABOVE 0.35$ zone
ðīBuy : 0.35
ðīSell : 0.42 - 0.5 - 0.6
ðBLUE PLAN
âŧïļCondition : If 1-Day closes BELOW 0.35$ zone
ðĩSell : 0.35
ðĩBuy : 0.3
âDetails
ðŦStoploss for Long : 10%
ðŦStoploss for Short : 5%
ðRed Arrow : Main Direction as RED PLAN
ðBlue Arrow : Back-Up Direction as BLUE PLAN
ðĐGreen zone : Support zone as BUY section
ðĨRed zone : Resistance zone as SELL section