ATLAS TECHNICAL CONSULTANTS: Elliott Waves Technical Analysis

From a technical point of view, the trend is bullish on hourly chart, so it could be interesting to look for a potential corrective structure that we could use to try to take a long position. The downside is that we don't have extended historicity and that makes the setup high risk, so logic tells us to use a small size.

ATLAS TECHNICAL CONSULTANTS ($ATCX) - NASDAQ
NASDAQ:ATCX
Strategy: Buy on Wave 4

PROFILE
Sector: Industrial Services
Industry: Engineering & Construction
Atlas Technical Consultants, Inc. is a provider of professional testing, inspection engineering and consulting services. It offers solutions to public and private sector clients in the transportation, commercial, water, government, education, and industrial markets. The firm provides a broad range of mission-critical technical services, helping clients test, inspect, certify, plan, design and manage a wide variety of projects across diverse end markets. The company was founded on June 28, 2017 and is headquartered in Austin, TEXAS.

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Comment:

...similar Pattern on $HY
(Click & play on chart below)