$ATER Aterian Inc. LONG TRADE SETUP

15 Kas 2021

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.