ATI descending Triangle ? Bearish ?

[metaphoric]

I'm looking for some constructive feedback on ATI. It looks to me like a descending triangle which I'm interpreting to be bearish. However, the volume looks as if it may pickup which, if it does, it may provide a great long entry. I'm wondering if this is a technical descending triangle and at what point would you go long if the trend continued up. I was thinking 63 since it was the last point where the 50 EMA was crossed. Am I on the right track ? Any feedback would be appreciated..

 

[Trader_XYZ]

My indicators show no momentum in ATI, so there will be no trades.

 

[DannoXYZ]

Hmmmm, looks more like a short play to me. I'd wait for confirmation of the breakdown. Maybe if it drops below support of 55-56, then I'd short it.

Otherwise, personally, I wouldn't go long unless it broke out above 67 or so on strong +100% volume increases.

 

[krazykarl]

TIE is in the same boat - the whole complex has been loosing liquidity for the past few months.