ATOS will she retrace?
Few things i noticed:
Fundamentally it is driven by the following reasons:
- Volume is thinning out
- MACD is curling
- ADX higher highs is lower than the former and heading downwards.
- DI+ crossed over ADX.
- However, StochRSI says its oversold
Fundamentally it is driven by the following reasons:
- Has COVID19 Drug candidate.
- Low FLOAT: 9.8M shares.
Based from these indicators, I suspect that the best entry is either at SMA20 and the safest is at .382 or .5 retracement. However, it must be confirmed some if no all several indicators:
1. StochRSI,
2. ADX or DI
3. MACD
I do not see any near term catalyst for ATOS so far but if I do I will add in the updates. I have yet to read all the 8Ks
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