In H4, we observed ascending triangle pattern testing the 0.21 resistance. Stochastic is pointing up with increased volume indicate a possible upside move coming. The price could retest the support first before going up.
The setup is invalidated if price close below 0.150
Take note ATWC is an enormous stock and moves very slow. Only good for those with holding...
We could try quick entry (trader) to ride on the uptrend parallel channel and exit upon TP1.
TP 0.225 (RRR 1:1), 0.270, 0.340, 0.425 (triangle opening)
Sentiment: AT glove factory undergoing testing however current glove sector is bearish.
This is a penny stock, and please exercise good risk and money management trading it.
As of Friday closing (13/11/2020), the H4 chart seems having selling pressure, however still looks neutral on daily chart.
Based on Stochastic, it didn’t show any sign of weakness yet even on lower timeframe. MACD still showing a breakout with less the gap getting bigger - positive news.
Organically, it could probably pullback to SMA10 support first before fly...
The stock closes with huge buying pressure with volume reaching all time high, along with the price action.
If momentum continues, using Gann Square of 9, next resistance would be at 0.23 and 0.28 with Support at 0.19 and 0.15. The stock could complete Wave 3 at 0.23 zone, before pulling back to around 0.15 (38.2% Fib Retracement) for Wave 4.
Currently the price...
AT-WC begins Wave 3 @ 0.06, and its not stopping ever since. Extending Time based Fib to 238% of Wave 1, this wave could end at 0.165 and pullback for Wave 4 towards 0.13 (Fib Retracement 38.2%).This makes 0.12-0.13 a strong support zone.
Volume is extremely good, with banker chip 100% - to guarantee a good show.
Its motherstock MYX:AT has a heavy balance...