ATI is looking bullish on the daily chart, as the MACD has crossed over on higher bullish volume, as of 5/19/217. Based the chart pattern, it looks ATI is attempting to break through the .236 FibR on higher volume, this is the second day with a close above the 9dma.
Would like to see more bullish volume to take it the .382 FibR at $17.69 for a 5% gain. Although the pattern is a bearish pennant (4/25 to 5/18 to present), ATI seems to be knocking on the roof to break through.
Would like to see more bullish volume to take it the .382 FibR at $17.69 for a 5% gain. Although the pattern is a bearish pennant (4/25 to 5/18 to present), ATI seems to be knocking on the roof to break through.