Is $ATEN ready to come up on the right side of its base?
Notes:
* Strong up trend since 2020
* Great earnings track record
* Basing for the past ~9 months
* Just broke back above IPO highs of $14.9 on the monthly time frame and retested it as support
* Recently came above its 200 day line and now coming above its 50 day
* Showing strength and accumulation
* Printed a pocket pivot in the last session indicating institutional demand
Technicals:
Sector: Technology - Software - Infrastructure
Relative Strength vs. Sector: 23.55
Relative Strength vs. SP500: 4.61
U/D Ratio: 1.59
Base Depth: 50.68%
Distance from breakout buy point: -18.94%
Volume 5.58% above its 15 day avg.
Trade Idea:
* This is offering a low risk entry so you can enter now as the price is still close to its 50 day line and just retested $14.9 (Historical highs) as support
* If you're looking for a better entry you may be able to find one around the $14.9 area as that should hold as support moving forward
* This stock usually has local tops when the price closes around 17.84% above its 50 EMA
* Consider selling into strength if the price closes 17.64% to 18.04% (or higher) above its 50 EMA
* The last closing price is 6.26% away from its 50 EMA
* Strong up trend since 2020
* Great earnings track record
* Basing for the past ~9 months
* Just broke back above IPO highs of $14.9 on the monthly time frame and retested it as support
* Recently came above its 200 day line and now coming above its 50 day
* Showing strength and accumulation
* Printed a pocket pivot in the last session indicating institutional demand
Technicals:
Sector: Technology - Software - Infrastructure
Relative Strength vs. Sector: 23.55
Relative Strength vs. SP500: 4.61
U/D Ratio: 1.59
Base Depth: 50.68%
Distance from breakout buy point: -18.94%
Volume 5.58% above its 15 day avg.
Trade Idea:
* This is offering a low risk entry so you can enter now as the price is still close to its 50 day line and just retested $14.9 (Historical highs) as support
* If you're looking for a better entry you may be able to find one around the $14.9 area as that should hold as support moving forward
* This stock usually has local tops when the price closes around 17.84% above its 50 EMA
* Consider selling into strength if the price closes 17.64% to 18.04% (or higher) above its 50 EMA
* The last closing price is 6.26% away from its 50 EMA
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.