Best hope for ATER bulls is earnings, and even that's a gamble.Price action has been rejected off of this falling wedge resistance 3 times now, and it's going to take some time before enough people turn bullish on it again to drive a run. I play long only. I'm not in ATER, but I see it being pumped on social media so much that I wanted to paint a clear and simple picture for others on why it's bearish right now.
ATER
After we beat the Red line it's BBIG Party TimeWill resolve in less than a week. But this is an established down trending line in a wedge for BBIG. When we break the red line we are going up and we're going to break the red line very soon.
Also there is an insane amount of FTD's next week. Their time is up.
stocksera.pythonanywhere.com
Also shares are coming out in the form of a dividend very soon to form a new company called TYDE where people will have to buy in no later than Dec 12th to be shareholders of record for the 15th.
Full disclosure - I am long on this stock, and really believe there is a real opportunity next week for GAMMA
Ater technical summary 31/08/22Ater seemingly setup for a technical bounce, possibly up to the first tester area of $3.40, golden cross about to form leading to a period of upward trend, low rsi allows space to grow. N.B, the pitchfan is designed more on a macro type scale, whereas this idea is a short term play.
ATER Squeeze levelwe been holing our ascending channel for weeks , and we broke from our resistant the 0.59$, now we going to test the 1$ , which is the psychological level, and squeeze area for ATER, we need to hold above the 0.71$ to confirm the bearkout if we got rejected the first time .
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ATER_Price forecastBased on the 1D chart, it seems ATER could have made a double bottom (blue line). There was a gap down from 09/05 -10/05 opening and like almost all scenarios, all holes get filled ;) so in my opinion, I am predicting ATER to bounce back up to the area where the gap had occurred (green bar)
ATER - Fib. levels Ater is now retraced down to its .786 level, this is a typical region for buyers to buy the "dip". Will it act as a support?
$2.91 was observed to act as a support when the AH dump struck during the AH of earning releases. Will it retest that support, should it break the .786 level?
Aterian Long Hold TradeAterian Long Hold Trade
TECHNICAL RELEVANCE:
RSI Bounce From Oversold Levels
MACD Bullish Momentum On Long Term
Bullish Divergence With Price & Indicators
Increasing Volume Candles With A Recent Spike
Strong Breakout Having 100% Gains In One Week
Recovering Lost Value During USD Value Increase
Convergence With Trendlines To Ultimate Target
TARGETS:
$7.77 Magic Number
$12.00 Golden Range
$19.00 Fibonacci Extension
$30.00 Bullish Confluence
$ATER => WatchlistMaybe Aterian deserves a spot on a trader's watchlist here. Above 4$, crazy things COULD happen.
Those 2021 highs most likely won't be seen any time soon if ever again, but already a mild retrace to the 23 or 38 retraces would mean big gains.
A break above 4$ and closing above it at least on daily timeframe is mandatory here though, for putting some money on line in my opinion.
Good Luck on your trading!
$ATER Aterian Inc. LONG TRADE SETUP$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, when it comes to volatility .
We got some kind of bullish divergence in the daily chart as well, but don't give that too much value tbh, if that kind of stock want's to tank, it just does, no matter what the indikators say.
BUY IN: now (or wait for confirmation candle if you want it more "safe")
Stop: 5.60ish
TP's as in the chart (keep a small portion of your position though after TP4, if the stock decides to go to mars)
Super volatile and risky play, but big upside, i think thats a stock to own, when we get really FOMOy in the Nasdaq,
when (or if) christmas rallye really kicks in.
ATER - Keep an Eye on this One!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 straight towards $6.89 and potentially $8.24. We're now waiting to see that impulse move for a micro W1 to begin what is expected to be a minor W3 towards $21.
$3.04 is the W1 low and is the invalidation level. If ATER breaks below this, the pattern and wave count is broken.
ATER still has an extreme high short float at 55.43% according to Finviz
ATER | SHORT NASDAQ:ATER
Last session they broke the trend, and bears are in full control of the stock, it looks very bearish and I expect it going down to 6.30$ 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 Triple Bottom Breakdown
Stocks in a New Downtrend (Aroon)
Moved Below Lower Price Channel
Elder Bar Turned Red
Parabolic SAR Sell Signals
*This is my idea and could be wrong 100%
ATER reversal worst case scenario 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 would be around 7.0-6.7; should that happen on a quick note and followed by massive reversal, I would say this is heading towards testing the local downtrend (dotted great line).
I see weak volumes and no fundamentals support for current sentiment. Technically indicators show exhaustion on the downside given low volumes, and it is hitting reference support area of the previous post.
Company ER expected in two weeks and that might bring some changes to sentiment, and from now to then I believe volitility would remain the case.
I do believe that trading below current levels would cancel all mid-term positivity, unless fundamentals change. As such, I think this is a reversal day/range for this week.
This is a very dangerous play, with extreme up/down side. So validated before any action.
$ATER has broken out and is rdy for lift off! - GREAT ENTRY $ATER has finally got its volume back and the shorts are backed into a corner.
This is a great entry for $ATER as it is poised to get back to it's $17-19 by end of October.
This stock has been getting a lot of clicks, mentions, upvotes, whatever you wanna call it....
HOWEVER, this is actually a very legit, undervalued, and significant company which connects publishers, content creators and influencers (affiliates) with leading Amazon sellers who offer bonuses to the affiliates. Aterian also is a leading technology-enabled consumer products platform that builds, acquires, and partners with best-in-class e-commerce brands by harnessing proprietary software and an agile supply chain to create top selling consumer products.
There is no chance this thing goes any lower.