ATOM - Is this overvalued small cap about to 30x?

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NASDAQ:ATOM   Atomera Incorporated
ATOM is a small cap semiconductor stock trading at over 700x sales. Lol. Insanely overvalued! That being said, ATOM's market cap is dirt cheap at 273 million. So this is definitely a "squeezable" stock.
I'm a newbie at EW theory, and still learning, but I'll give it a shot regardless. I think ATOM completed a 1:1 5-3-5 ABC zigzag correction. Most zigzags usually occur on a Wave 2, so it's possible the next 5 waves of wave 3 take ATOM to new all time highs at the bare minimum of $330.80. Additionally, volume since ATH has drastically decreased which is more evidence price action since ATH has been corrective compared to the high volume on the previous impulsive wave.
Daily Bullish Divergence on RSI and MACD at the 1 fib level ($9.2) which coincides with a high volume node on the volume profile suggests that ATOM has set a bottom. Earnings imminent.
Breaking out above the 21W EMA, high volume node, and accumulation zone. Very interesting how despite the 2022 stock market crash, ATOM's Weekly RSI never hit oversold territory! Shows strength imo. ATOM outperforming the semiconductor industry this week by a mile. ATOM: +23%. SOXX: +3.5%. That being said, the volume isn't very convincing. Next stop 200 DMA at $15.45.
Weekly Bearish Continuation. Will retest $11

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