Today's pre-market activity was exciting and unexpected. I expect it is a foreshadowing of things to come. ATNM is still operating within its normal trend despite the pre-market price movements. The overall trends is still bullish. After the initial run from $1.08 to $1.70 the stock has show a wave pattern with a wide gap between the support and resistance levels....
This chart shows current support, resistance, and trend lines for ATNM as if 2/17. Support has increased to $1.39 as of today as evidence by multiple bounces off of $1.39 price. Resistance was lowered to $1.50 based on recent behavior. Possible wedge forming.
Current support / resistance levels for ATNM
ANTM one of the biggest % change in one day , will be up in the scanners of many traders tomorrow to trade it long If the price breaks the top we will go long to the 1.62 the first daily major resistance with a 2:1 RR if the price breaks 1.22 we are no longer long et we don t take the short set up until the price break the major support 1.10 But we prefer the...
I will be long here if we break out of this break out level some how. I doubt it though.
ATNM is trading in a descending channel from about one year. Now it seems attempting for a breakout. Pay attention to the price action on the trendline to identify a long or a short setup.
ATNM on watch for a breakout and multiple recent insider purchases on 4/14 at $2,00
Support level gradually increasing.
This looks primed to turn upward. Great swing potential. Greater Long potential!
There's a lot take in on this chart. Clearly the stock is higher than it has ever been in the last six months. The reason for that is that the FDA has approved the drug that the company is working on to move on to the next phase. That sounds great but then how come it didn't move back to where it was six months ago? Well because that it did not go back to its past...
If I had more money I would be buying right now.
Broke the down channel yesterday and 50 day. So far holding. Setup is there, ready for news tomorrow.
Two channels although I feel wedge has more validity. Look for Sept break out.
Chart looks like it go drop back in the 2.6's for entry. Thoughts?