News and more News! – $ATNP Hitting two birds With One Stone www.ivyleagueotc.com
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(ATNP:) Atlantis Technology Group ATNP had a tough time last week, breaking support at .006, and touching as low as the mid .004`s before finding new support at ..005. This sell off was most likely caused by the company delaying their GOTV product demonstration.
We at Ivy League OTC thought that we were highly over sold at that point and urged members to pick up more shares at those cheap prices! ATNP is worth at least .015-.02 with just moderately successful product sales and those cheap shares were too good to pass up. Those who took that advice are already up 20-40% since Friday! ATNP released Great news today, grabbing investor attention and giving us key details into their future.
ATNP announced that their board of directors have approved the 5 for 1 forward split proposed at the March 5th, 2010 meeting.
“For every one share of Atlantis Technology Group that is owned as of the record date 4 additional shares will be issued. The requested record date and the pay date will be given out following the submitted documents to FINRA.” Forward splits are like free money in pennyland and are ALWAYS a good thing for investors.
ATNP didn`t stop with one Press Release today though, they also released news about their product demonstration! ATNP has decided to employ the services of DigiVision Productions to produce a professional video demonstration for the GOTV IPTV service.
While this might not be the grand slam revenue news we are looking forward too this is still great once you consider the big picture.
Marketing, and advertising is everything when it comes to product sales.
Think about the last time you went shopping for new clothes. What`s the difference between the 20 dollar shirt and the 200 dollar shirt Alot of of us would say the “material” as the 200 dollar shirt must be higher quality, however a good number of times that simply isn`t true.
The only real difference is one was marketed much better then the other, and DigiVision Productions are the pro`s when it comes to creating this effect.
DigiVision Productions have been behind multiple marketing productions such as for Club Med, BMW, Norwegian Cruise Line, MTV, First Bank Florida and many more. These guys defeintly know what they are doing, and now that they are “doing it” for ATNP we at Ivy League OTC think their marketing will be a breeze.As we can see from the chart above the 11 day down-trend appears to have been broken on monderately higher then average volume and we appear to have an inverted candle in the works, which suggests a reversal in trend is to occur.
This is a great sign that we will begin moving up from here, however we are still waiting on confirmation of a second bullish day on equal or higher volume to confirm the uptrend is back on track. Key Details of the Chart below.
-RSI is at 44, and curving back north which is a good sign that a reversal is coming in our favor.
-Inverted hammer candle stick pattern has appeared which usually signals a reversal is coming, which in our case would be greatly in our favor.
-Volume is high with over 300,000 USD trading, and at the time of this newsletter the market hasn`t even closed yet! -MACD is below the trigger line. We are watching for a MACD signal line cross to act as a technical catalyst for momentum traders to jump on board.
-Accumulation has remained relatively steady despite the sell off, and has begun to rise again showing that investors are still long on ATNP.
While ATNP isn`t taking off as quickly as we had hoped, we still think there is a ton of potential for some great gains with ATNP in the short and long term.
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