Sunday, February 17, 2008

ANTM - Technical Review

After rally on news at 14 February 2008, ANTM closed at 4225, right on the line of 78.6% Fibonacci Retracement (FR) of BC point, and weakened on profit taking action on the next day.



The bearish resistance line has broken at 14 February 2008 and the line became its bullish support line.
If ANTM price movement could sustain and not break the support line, there’s a big chance to ANTM to move on its short-term rally to 4350 (61.8% FR of XA point) and to 4775 (78.6% FR of XA point)



Best Regards,

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