Turning Down
Our Pivot: 104.78
Our Preference: Start short selling ATRL below 99 and average it out till 101.30 with strict stop loss of 104.78 and profit target at 89.60 and 87.50.
Alternate Scenario: Upward penetration of 104.78 will call for 108.80.
NOTE: ATRL is being capped by a descending trend line along with a strong horizontal resistant region, mean while daily momentum indicators are changing their directions towards bearish side.
Daily Chart with Supports and Resistances:
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