Jul. 3 at 10:57 PM
$ATOS
Happy 4th of July!
Let me offer you a bit of bullish hope based on technical analysis. As you know, the chart is currently in no man’s land and still within a long-term downtrend but the yearly chart actually isn’t bad.
If the weekly candle closes above
$1.10 in the coming weeks, I’m fairly confident we’ll see a move toward
$1.60 and I have even better news:
If that level breaks, the
$3.00 zone is likely in play.
I can’t say whether it will hold
$3.00 once it gets there, but I strongly believe that level gets tagged. The key is simple:
A weekly close above
$1.10 flips the structure bullish.
From there, the algos will likely take over.
$3.00 this year? It’s possible and with high probability, if the condition is met.
Enjoy the long weekend! 🇺🇸