Atossa Therapeutics

NASDAQ:ATOS   Atossa Therapeutics, Inc.
*risky but the reward…*

Trawling through the Nasdaq at the 11th hour before a major correction reveals a number of interesting opportunities where the success of tech stocks have overshadowed the less successful of late.

This trade idea is 100% technical without focus on the fundamentals. Atossa is a small Therapeutics business with a limited number of employees. so please do your own research.

The technical's of the above monthly chart:

1) The 21-month recently crossed the 30 month moving average, very bullish.

2) Price action is currently trading on support of the bottoming candle.

3) The weekly chart recently printed a Dragonfly DOJI with a higher low in price action. Very bullish.

1st target: $220 / 14000%

Weekly chart:

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A good dollar cost average in opportunity following the volume increase:

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270% in 15 days!

A correction surely is in the making - however the trend is certainly upward and onward.
A 45% gain since publishing. Now as a new month begins we can see the close of last prints a Bullish Engulfing candle. Excellent.

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Each candle below represents 2 months of data. The Yellow line is the yearly EMA. A new candle prints today. Look closely. The complete body of the candle is printing on the EMA as Stochastic RSI is rising = very bullish months ahead.

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Of course there is still some days until the monthly candle closes nonetheless the picture is an exciting one. RSI pokes its head above 50 for the first time in history.

As for the smaller / near term time frames, there might be some turbulence between $5-7 area, however after that it is a straight resistance free run to $25.

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Looks like the $7 resistance was broken opening the path to $20. Expect a correction before continuing upward.

Be careful - price action is overextended with a 'great sell' (blue triangle) warning. A test of support @ $4 would not be surprising.

Overbought and 'great sell' signal on the 10-day chart. Full transparency, after 860% in 6 short months I'd be mad not to take some off the table.

Can price action continue to move up further? For sure but it is becoming less and less probable in the near term.

Long term I remain bullish however a 50-60% correction could occur without impacting the overall trend - that's an excellent swing trade opportunity.

Long term investors - do nothing.

Upon further study one should look for re-entry targets between $1.20 and $1.50
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Swing trades from $8.60 can now be closed.
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A good moment to ride back up to resistance

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** massive opportunity **

Look left… every time the ‘great buy’ has printed on the weekly (below) has been an excellent long entry. Previously a 800% profit was returned under 6 months from December 2020.

Looking for a 1400% return this time round until resistance.

Good luck!

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Allow 3-6 months on ideas. Not investment advice. DYOR

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