[Tryst]

What is more important/relevant and likely to prevail over time....when it comes to chart partterns of moving averages.

One chart I have talked about here since IsaTrader added it to the watch list late last year. The US stock is Antares Pharma (ATRS). From the attached chart you can see a great base building over two years ago. The support line, you would think is pretty strong having been tested 3/4 times over that time span (as resistence).

So my question is, are chart patterns more powerful or are moving averages. I guess, but correct me if I am wrong, moving averages ultimately uphold the trend.

If you look at the chart for ATRS the support line, which was formarly resistance, it was hardly tested. It bounced off it the week before last, but with the Indexes and Stocks getting a bit of a clobber this past week, it looks like the support line wasn't strong enough so the price cut right through it, and also this week it went through the 30 SMA. The 40 SMA is next by the looks of it.

If anyone has any links to some online material, or knows any good books that cover this exact stuff, please let me know.

Thanks in advance