$ATOM

Trends are mixed, however, it had a bullish breakout from Falling Wedge pattern and reached our near-term target of $5.10 resistance for a +20% gain. We would be buyers on pullbacks near $4.00 support again, which is also the breakout level from Falling Wedge. That could serve as another swing trade entry with +20% upside potential back to $5.10. Stop Loss at $3.85. (Set a price alert) This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.

Pattern: Price is Approaching Resistance, which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level.

Trend: Short-term trend is Strong Down, Medium-term trend is Down, Long-term trend is Strong Down.

Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).

Support and Resistance: Nearest Support Zone is $4.00.

 Nearest Resistance Zone is $5.10, then $6.30.