Bullish Indecisiveness- the indecision candle
ATOM we have some interesting charts happening with this one. Major uptrend is the dotted yellow line. Bearish scenarios are $19.22 & $13.53. 19 correlates within the recent linear regression downtrend. The RSI is turning bullish and MACD is neutral. In the yellow circles we have bullish candles followed by neutral bullish candles. The last major upside breakouts from 19 --> 28 & 28--> 37 were triggered from this exact candle progression. breaks #1 & 2 occur within the same circle. There is also a bullish rising wedge playing out. upside breakouts highly probable in this one.We have a waning tech sell off, with the NDX 100 stabilizing from its head and shoulders correction. I attribute selling of large gainers ahead of huge tax changes by the democrats, not buying the hype that rising t rates will handicap stud bull tech stocks. Bears could push us down but it appears Atomera will hold. In fact, released news on JDAs to the upside any day ahead of ER are huge catalysts for the stock (obviously). The trend into the next earnings will be upside to mid 30s. PT of 47, 64, 91. Education only do due diligence before any investment.
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