Oversold
Another Successful Swing Trade
By aerosdg - Posted on February 20th, 2008
This was another trade that I had recently with a similar setup to my ACAT trade. Many of the technical factors were in line and my nightly screens brought this one up. ATML had a pretty strong decline since the beginning of the year and I found a period where it had lost that downward momentum. The RSI indicated it was very oversold as well as the STO. I watched this a few days and found a stronger white candle than the previous days with higher volume as well. I took and entry the following day at open at 3.06.
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