ATNM trade ideas
Current support and resistance for ATNM Today's pre-market activity was exciting and unexpected. I expect it is a foreshadowing of things to come. ATNM is still operating within its normal trend despite the pre-market price movements. The overall trends is still bullish. After the initial run from $1.08 to $1.70 the stock has show a wave pattern with a wide gap between the support and resistance levels. The gap has since narrowed indicating a dramatic price movement may be imminent. Psychological support levels are at $1.40, though I feel a true support level would be around $1.37. Resistance shows as 1.45, if this breaks the next level of historical resistance is $1.60. Today's pre-market movements have shown us this stock can fly to $2 with relative ease should the $1.60 resistance break.
I still have a long position in this stock. My current strategy is to play the wave buying around 1.37 and selling at various resistance levels as they present themselves. As always be careful and do your own research. Best wishes all.
Support, Resistance, and Trend for $ATNM 2/17/17This chart shows current support, resistance, and trend lines for ATNM as if 2/17. Support has increased to $1.39 as of today as evidence by multiple bounces off of $1.39 price. Resistance was lowered to $1.50 based on recent behavior. Possible wedge forming.
ANTM , High probability Long set up !ANTM one of the biggest % change in one day , will be up in the scanners of many traders tomorrow to trade it long
If the price breaks the top we will go long to the 1.62 the first daily major resistance with a 2:1 RR
if the price breaks 1.22 we are no longer long et we don t take the short set up until the price break the major support 1.10
But we prefer the long in this stock now .
Happy weekend !
Time to ShortThere's a lot take in on this chart. Clearly the stock is higher than it has ever been in the last six months. The reason for that is that the FDA has approved the drug that the company is working on to move on to the next phase. That sounds great but then how come it didn't move back to where it was six months ago? Well because that it did not go back to its past average, I predict that this hype is over and now is a good time to short.