Looking at a buying opprtunity for ATORX.
Currently forming a small descending triangle in the resistance area. If it can break up from this triangle and consequently hold it longer term (blue) trendline, ATORX is a buy for me.
Currently forming a small descending triangle in the resistance area. If it can break up from this triangle and consequently hold it longer term (blue) trendline, ATORX is a buy for me.
Note
Broke down from the descending triangle before finding support on the trendline (blue). Now is a buy signal for me, even though we’re not fully through the resistance yet.
- trendline held
- and broke to upside after fake out to downside.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.