$AMS $0.305 leaning on blue sky Not a bad looking structure on the hourly, might push out sooner than later ;-}
Target overhead gap fill @ $0.575 & $0.680 area
Holding
Atomos
Atomos Energy Will Bottom SoonBased on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on September 15, 2021 with a closing price of 89.56.
If this instance is successful, that means the stock should rise to at least 91.07 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 4.175% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 7.193% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 18.853% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 35 trading bars after the signal. A 1% rise must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 16 trading bars; half occur within 24 trading bars, and one-quarter require at least 30 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
ATOMOSI have been building a position on this one for a while now a bit after the covid crash and its been trending well with a bit of volatility bouncing around this trend.
We are heading into an EQ level right now after a fairly impulsive move this week so expecting price to pull back a little before continuing up again.
Keeping a close eye on the Supply block from just before the Covid drop as an over all target for now but if the trend continues with momentum and we move into price discovery then could be exciting
Bullish on the business in the video content creation world in general
Atomos Ltd: AMS.AXWatchlist for the future
Base slowly forming
Watch for a break around the 69c level
Look to target the overhead gap
Price may head back down to 45c in the ST as there is a CR pending
