Atomera
Atomera May Drop SoonBased on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on February 11, 2022 with a closing price of 15.8.
If this instance is successful, that means the stock should decline to at least 15.58 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 5.756% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 9.602% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 15.873% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 35 trading bars after the signal. A 1% decline must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 2 trading bars; half occur within 4 trading bars, and one-quarter require at least 17 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
Atomera deatomizing (look it up). ATOMBearish outlook for gains at 14.53, then 12.44 and 9.46. Invalidation at 24.04.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
$ATOM Cannot get tighter than thisAs the title reads, accumulation has taken place for a long time, basically for an entire year. Breath in the directional indicator shows a small whammy to the upside (DI over 25+ will confirm the move) last Friday when Atomera turned green on the day and was rejected by the ATHs VWAP. This VWAP level will prove important this week on whether price is kept below for more accumulation or start showing demand above. The POC at 23.55 should prove to be decent support and any daily print below 22.04 is a stop loss and a trend reversal in the short term. Trading plans on the chart.
ATOM upWatching this for a while, but the daily bear divergences kept me away, even though it broke above it's weekly trendline. Now that it's pulled back and found support it may finally run above and beyond it. A trader may add a small position here and wait to add more when/if the trendline breaks. This is a low cap stock so please don't buy too much if you decide to get in.
Anything below 3.40 would certainly invalidate the trade, otherwise we may see a nice swing up past 6$
Good luck and safe trading!