$ATER Aterian Inc. Swingtrade chance.
Pretty low risk, but very high reward in my opinion.
The play here is a double bottom pattern, market has set up the bottom higher than it has in August. The price marked up intensely in August, after the bottom was in.
One would stop out the current bottom, but give it a little room to breathe, Aterian is something else,...
One may still pick up an entry around 6.26-6.27 around here while price is accumulating orders around this level. There appears to be a bat pattern leading to the first harmonic area; followed by a crab pattern, the main harmonic in play in this 4 hour time frame. Once the bat pattern completes, there will likely be a 0.5 retracement of the move. Then we can...
This will be a long hold with multi-bagging potential. The larger picture shows possible resistance price targets of around $30 and $40, but this is a long hold. Anyway. The entry here is at 6.15 exactly. I recommend taking entry one or two pennies higher. Potentially price could fail at the 6.15/16 level and find support and the 1.13 extension; however, the...
It looks like to me that ATER is currently developing a C wave to end the B wave of the ABC correction. This C wave should have 5 internal waves that could lead the price to at leas 1,43 $ . It can't be ruled out a possible move deeper to 1,21 $ (100% Fibonacci Extension of the Zig-Zag forming B wave) and even testing 0,37 $ (-1.382 Fibonacci Retracement of...
Falling wedge at a demand area.
Hidden bullish divergence developing on the daily MACD.
Stop = Close below demand area $5.80
1st Target = The low of the previous low of the downtrend. Around the $7.60’s
2nd Target = Gap fill
Falling wedge pattern, as well as a bullish gartley harmonic pattern with the PCZ on a historical S/R level .
On the 4H chart we have developing classic bullish divergence , and on the 1D chart we have hidden bullish divergence developing.
Confirmation of these divergences will be my sign to enter this trade.
ATER - We had a nice reversal into an impulse Wave 1 move from $3.04 -> $19.10 and since then, ATER has pulled back into it's W2 correction within this falling wedge. It is nearing the APEX (Nov 12 but could breakout anytime now). Current resistance is $6.89 and next support at $5.70 then $4.70.
Keep an eye on this one as a break above $6.89 can send this...
As indicated on the first post, ATER elected to worst case scenario.
I see the range between 9.95 – 9.1 as a potential reversal range with three that was tested thus far on four different sessions and managed to protect the downsize, specifically with current low volumes on daily sessions.
Breaking 9.0 with volumes would indicate the best next support level...
NASDAQ:ATER
Last session they broke the trend, and bears are in full control of the stock, it looks very bearish and I expect it going down to 6.30$ area as Max Pain,
It formed a falling wedge. end of the wedge we can expect a break-out, it takes some time, maybe a week.
Mid Term Bullish
Short Term Bearish
IT TRIGGERED these bearish signals
P&F Descending...
Aterian, Inc. is a technology enabled consumer products company. The company's brands include hOme, Vremi, Xtava and RIF6. Its product categories include home and kitchen appliances, kitchenware, environmental appliances, beauty related products and consumer electronics. The company was founded by Yaniv Sarig Zion in 2014 and is headquartered in New York, NY.
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