ATHR revisited

If you see the post below 'To ruin a perfect day!' we said the following

Though the position hasn't been covered yet, any weakness will be used to cover this position. Chart is below. Please note that this indicates short term upswing and the rising wedge indicates downside. We will cover half the shorts on any weakness and then reinstate short positions later.

However notice another interpretation of the same below. Note the prices have moved below the rising trendline and below that the trendline is acting as a stiff resistance. Each time the proces move up, the trendline offers resistance and the stock retreats on hitting it. The price now is at the trendline and it will be interesting to watch the action below.

For now, we reverse our call of covering shorts on weakness. We will observe the action and any updates to our stance will be posted. So our current stance is - Hold you shorts and see the action.