$ATRO technical analysis of price action show reversal imminent

19 במרץ 2017

ATRO is reaching the bottom of it's value range (around 30.50). Previously we have found stong volume and support when price drops below value range. Over the last couple of months, the price has been gravitating towards the 35.30 mark which is my control/target price. Last move down was triggered by bullish break of MA20 and MA50 price. Stochastic RSI is currently in the oversold when looking at 1 day chart. We also have a doji forming on extremely high volume which is a good sign of a reversal. Price is set to go up unless there is negative news I am not aware of.