BogdanL84
Long

Current support and resistance for ATNM

AMEX:ATNM   ACTINIUM PHARMACEUTICALS INC
Today's pre-market activity was exciting and unexpected. I expect it is a foreshadowing of things to come. ATNM is still operating within its normal trend despite the pre-market price movements. The overall trends is still bullish . After the initial run from $1.08 to $1.70 the stock has show a wave pattern with a wide gap between the support and resistance levels. The gap has since narrowed indicating a dramatic price movement may be imminent. Psychological support levels are at $1.40, though I feel a true support level would be around $1.37. Resistance shows as 1.45, if this breaks the next level of historical resistance is $1.60. Today's pre-market movements have shown us this stock can fly to $2 with relative ease should the $1.60 resistance break.

I still have a long position in this stock. My current strategy is to play the wave buying around 1.37 and selling at various resistance levels as they present themselves. As always be careful and do your own research. Best wishes all.
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