Today we will analyze the stock ATS Corporation (ATCT.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in ATS Corporation (ATCT.OB)
1- Last bearish trend was from 2.50 $ (12/16/2009) to 2.35 $ (12/17/2009) a 0.15 $ move 2- The current bullish trend started from 2.35 $ at 12/17/2009 and is currently trading at 2.45 $.
3- ATCT.OB current support level is at 2.44 which is the 61.80 % fibonacci retracement of the last 0.15 $ move.
4- ATCT.OB current resistance level is at 2.50 which is the 100.00 % fibonacci retracement of the last 0.15 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
6- Bearish Divergance in MACD Indicator .
ATS Corporation (ATCT.OB) Short term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 2.350 and 2.100,resistance between 2.500 and 2.240, the stock channel is currently supported from below by 2.385 and resisted from above by 2.539.
ATS Corporation (ATCT.OB) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 2.100 .
ATS Corporation (ATCT.OB) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 1.500 and 1.100 that was broken down at 1.580 transforming into a resistance line.

Stock Trading Conclusion:
ATS Corporation (ATCT.OB) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 2.50, 2.54, 2.59, 4.95.
Stock Support levels : 2.44, 2.43, 2.42, 2.41, 2.41, 2.40, 2.39, 2.39, 2.35, 2.10,.