ATOS has been trading sideways for the better part of a month showing little move in volume and no strong RSI pull to the bullish or bearish side. Recently it has exhibited an increase in volume that may be due to the recent arrival of their new scientific advisor Dr. Cal Novina. Moreover, on the 15th of November (Marked with an arrow) the CFO of the company, Guse...
in the weekly time frame we can see the 5 wave down trend completed and in the wave 5 we have ending diagonal with increase volume that show new up trend should be start soon, after break out the last minor peak we can open buy position and enjoy our profits
ATOS is in the middle of a strong downtrend. Look to the price action on lower trendline for a potential wave up. A strong breakdown under 0,5$ level can invalidate this setup.
ATOS is at the bottom of its longer term swing trading range. At the bottom of the range it completed a bullish butterfly pattern and did a bullish engulfing candlestick a couple of days later.
Right now ATOS is trying to chew through 5.00 to 5.70. If it can hold this range, then it could build cause for a move back deeper into the swing trading range and...
