Informative | ATOSNASDAQ:ATOS
Bullish Scenario : If the price breaks above the resistance zone ($1.31 - $1.39) with strong volume, it could test the next resistance at $1.57.
Bearish Scenario : Failure to break above the resistance zone could result in a pullback to support levels at $1.20 or $1.10.
The overall trend is cautiously bullish, but confirmation is needed with a decisive break above the resistance zone.
ATOS
ATOS | InformativeNASDAQ:ATOS
It completed wave 3, and now wave 4 has started. It is expected to reach the 1.08 area soon, which aligns precisely with the Fibonacci retracements. After that, it should initiate wave 5, with the initial target being 1.60, followed by 2.10, which is a significant key level from 2021.
There is a possibility that market manipulators (MM) will create volatility and attempt to discourage retail investors. Considering the Fibonacci levels and historical support and resistance lines, there is even a chance of it dropping to the $1 area. However, it's important to maintain faith as the overall trajectory is upward. More retracement could potentially result in a higher upside possibility.
The Company:
ATOS is the ticker symbol for Atossa Therapeutics Inc., a biopharmaceutical company focused on the development of novel therapeutics for breast cancer and other breast conditions. The company's primary area of research is the development of therapies using its proprietary Endoxifen technology.
Endoxifen is an active metabolite of the drug tamoxifen, which is commonly used in the treatment of hormone receptor-positive breast cancer. Atossa Therapeutics is investigating the use of its proprietary formulations of topical and oral Endoxifen for various indications, including breast cancer prevention and the reduction of mammographic breast density.
ATOS | InformativeNASDAQ:ATOS
I anticipate a pullback to $0.85 as the Relative Strength Index (RSI) indicates an overbought condition. Based on Elliott Waves theory, a correction is expected, followed by the emergence of the fifth leg.
Following the pullback, if the price surpasses the psychological resistance level of $1, there are three potential price targets: $1.15, $1.30, and $1.60.
TP1: 0.85$
TP2: 1$
TP3: 1.15$
TP4: 1:30$
TP5: 1.60$
ATOS Weekly Shaping UpWe can see that the weekly chart is showing some exhaustion on the sell pressure. The daily has a bit of a heartbeat today breaking over the 20ema/ma.
Looking to see the weekly SARs flip underneath to support price, and a break over the T Line (EMA8) on the weekly to confirm a trend change.
If there is a solid break, targets (based on current price but will change) would be:
Weekly 20ema - 2.04
Weekly 50ema - 2.53
Weekly 100ema - 3.24
Anything over would just be cream. Unless they finally go phase 3 for endoxifen, but I'm sticking to TA.
ATOS: Selling rallies as lower prices are expectedATOS - Intraday - We look to Sell at 38.73 (stop at 41.72)
The medium term bias remains bearish. Trading within a Bearish Channel formation. A move lower has resulted in prices breaking from the previous range and confirmed our bearish expectation. The formation has a measured move target of 30.61. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 38.73, resulting in improved risk/reward.
Our profit targets will be 30.60 and 28.00
Resistance: 38.74 / 41.13 / 47.16
Support: 36.40 / 36.00 / 34.62
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our beloved $ATOS *This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
$ATOS remains my teams best trade yet, but sadly for you guys this was before we got serious about documenting our trades here at tradingview. Long story short our guys charted and caught an enormous jump from $1.50 to $9+ per share earlier this year.
My team entered $ATOS again today at $2.75 per share and have set our first take profit at $4.
ENTRY: $2.75
TAKE PROFIT 1: $4
TAKE PROFIT 2: $6.50
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Atossa Therapeutics due for a local correction. ATOSIt was a spectacular run for this stock, yet we seem to be at the end of the run. This is backed up by momentum divergences and dropping momentum overall. The latter is both on RSI and MACD. Indicator picture is more or less the same up to the daily chart. Our take on technical indicators is always secondary to the fractal picture of the markets. Anyway... pivoting down.
We are not in the business of getting every prediction right, no one ever does. The Fibonacci targets going down are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
$ATOS - AND I’M OUT$ATOS - AND I’M OUT
I closed this position early today… The only reason is that my average is wrong here… I know exactly what I did (I was adding and I sold my position, then bought back in, then I didn’t know what my real average was anymore- sometimes I just go too fast and my OCD won’t let me not know my average LOL) 😬
So either way I’m out and I’ll be looking for another entry…
ATOS | InformativeNASDAQ:ATOS
It's at 200EMA, and 3.31 is one of the key levels, it hit bounced up, it could be dead cat bounce (most likely), it's still in downtrend, without any reversal confirmation, I expect it hit 3.60 area, and then we will see what will happen, personally I expect price rejection to 2.80$ area and then 2.50$, GL
This is my idea and could be wrong 100%
DOUBLED $ATOS Target 5.69 for 46.27% DOUBLED $ATOS Target 5.69 for 46.27% (Actually I a little bit more than doubled here, but not by too much)
Next add level at 2.09
Or Double Position again at 1.48
@Dau30 Here is my new average after doubling this morning… and I have a small order open at 2.80 but I’m watching for 1.48. A WILD day, for sure...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
ADDED to $ATOS Target 6.84 for 35.71% 🟢 $ATOS Target 6.84 for 35.71%
This one was caught by support so I added… I’ll add again at support if it goes that way… And if it breaks below I’ll double at 3.24
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
Numbers with an A are places that are a good idea to add if you can.
Numbers with a D are places where you should double your position.
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
ATOS | InformativeNASDAQ:ATOS
Following my previous ideas that you have access below this page, it hit my first price target, this is what I see and expect from the chart. lets see how it works.
it can drop from this price without filling the gap, but possibility of filing gap us much more. GL
*This is my idea and could be wrong 100%, this is not a BUY/SELL/HOLD signal.
🟢 $ATOS Target 8.00 for 29.03% 🟢 $ATOS Target 8.00 for 29.03%
Or double position at 4.40
Check chart for additional add levels…
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
I finally added my YouTube Training Video to my profile tagline since I’m not allowed to on here. It’s a quick 15 minute training video on how to set up your chart and how to spot opportunities. So check here first but If you have questions just message me.
If you understand options at all I’m trying to learn so shoot me some pointers…
And if you can understand my charts at all you’re gonna crush it…