ATBA is currently taking trendline resistance as shown in chart. Once broken (weekly closing above 287), it will bounce back to its recent high (~450).
On weekly timeframe, a falling wedge pattern can be observed which is a bullish pattern.
Bad result in recent quarter may cause this trendline resistance to be a tough task to break. However, on a bigger (monthly) timeframe, a beautiful inverse head and shoulder is forming that may take its effect in coming months.
This is not a buy / sell call, be cautious while investing in fundamentally weak stocks.
Keep your stoploss at 221 (Recent low on May 7th).
On weekly timeframe, a falling wedge pattern can be observed which is a bullish pattern.
Bad result in recent quarter may cause this trendline resistance to be a tough task to break. However, on a bigger (monthly) timeframe, a beautiful inverse head and shoulder is forming that may take its effect in coming months.
This is not a buy / sell call, be cautious while investing in fundamentally weak stocks.
Keep your stoploss at 221 (Recent low on May 7th).
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.