Chart: ATI
Allegheny Technologies
Chart Type: Daily
Source: Freestockcharts.com
How I'm Trading ATI: If you notice, in addition to my normal indicators, I also have 3 white lines going across the screen intersecting the stock. These are resistance and support lines that I use when using trading ranges. As you can see, ATI hits the top and bottom lines like clockwork. With this stock I buy at the bottom (around 43) and sell at the top (around 52).
My triggers, when stochastics reverse from being oversold and its a buy day, or when the stochastics reverse from being overbought and its a sell day.
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