Atlantis Technology Group

Today we'll analyze the Stock ATNO for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 0.02$ (11/23/07) to 0.04$ (11/27/07) a 0.02$ move
2- The current bearish trend started from 0.04$ at 11/27/07 and is currently trading at 0.01$.

3- The stock current support level is at 0.01 which is the 161.80% fibonacci retracement of the last 0.02$ move.
4- The stock current resistance level is at 0.01 which is the 127.20% fibonacci retracement of the last 0.02$ move.
5- According to ADX, the trend is currently bullish,which is becoming weaker.
Short term chart patterns :
6- The Stock traded in a bearish channel identifed by support at 0.02 and 0.09, resistance between 0.04 and 0.1 which was broken up at 0.01.
Mid term chart patterns :
7- The Stock traded in a bearish channel identifed by support at 0.02 and 0.09, resistance between 0.04 and 0.1 which was broken up at 0.01.
Long term chart patterns :
8- The Stock traded in a bearish channel identifed by support at 0.02 and 0.09, resistance between 0.04 and 0.1 which was broken up at 0.01.

Conclusion:
ATNO was trading in a bullish wave, which is becoming weaker .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .

Resistance Levels: 0.015, 0.017, 0.020, 0.021, 0.025, 0.028, 0.029, 0.030, 0.032, 0.035, 0.040, 0.060, 0.100.
Support Levels: 0.008, -0.223,.