I will start with saying $ATRS is a swing trade and not a momentum trade.  This particular stock is showing all of the signs for a breakout on Monday 12/4/17.  This is a longer term revival pattern.  This is also a force pattern.  Friday 12/1/17 closed above the 13EMA and force pattern resistance.  Overhead resistance at 2.30 and it has the chance to rise up to 3.00 but I think 2.75 - 2.85 would be the sweet spot.

This stock closed above intraday resistance and resistance from October, this stock also closed on new highs.

MACD is in the negative but in an uptrend since beginning of the force pattern, the histogram is at (0.05322).

MOM rose from -2 to -.27 in a consolidation on the chart, MOM also consolidated on it's chart at -.27 right under the neutral line.

RSI from beginning of the force pattern until now has been in an uptrend. (it was in over sold territory before the force pattern.)  RSI is just under neutral territory at 48.4621.

Volume doubled from Thursday 11/30/17 to Friday 12/1/17.  

D.O.W. Trade - Friday to Monday Bullish

I am going to buy a small position of 1000 shares between 1.90 - 2.05, and sell between 2.30 - 2.80 for decent gains either end of day Monday or Tuesday/Wednesday as a swing trade.  STOP LOSS at 1.75.

These also caught my eye.  $AXAS and $SPWH for breakouts, and $CPRX for a short (if it breaks support at 4.21).

"The more wisdom we know, the more we may earn.  Therefore the man that seeks to learn more of his craft shall be richly rewarded." - The Richest Man In Babylon

AD ASTRA PER ASPERA

-Raul

 

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TOP DOWN LIST

DO NOT DELETE

 

-RISK/REWARD: 1/3

 

-Float: 141.7M (much more than I’m used to)

 

-Volume: >1.3M

 (2% OF VOLUME RULE!)

 

-Short squeeze momentum number (1-5, 5-10,10+) w/ catalyst: 3.1, no catalyst other than good technical analysis

 

-Over Head Resistance?: 2.30 bad sushi resistance, 2.50 for 200EMA and round number, 2.83 for previous support/now resistance and 3.00 for round number.

 

-HYPE?: Lawsuit bullshit, but all technical indicators say go

 

-EARNINGS?: Irrelevant

 

-PATTERN?: Revival

 

-GAP?: It’s Sunday night at 6:13PM, won’t know until tomorrow at market open.

 

-EMA STACK: 200, 39, 13

 

-MACD Histogram and Signal Lines: Signal lines in uptrend on negative side (-0.1061), histogram bullish (+0.05322)

 

-MOM: Bullish signs, had a large rise in momentum for the bulls a week and a half ago with no significant price action, small up trending consolidation right under the neutral line at (-0.27)

 

-RSI: Bullish in an uptrend, just under the neutral line  (48.4621)

 

-D.O.W.?: Bullish, Friday closed strong

 

-Candle closing strong? Bullish

 

THE MARKET IS ALWAYS CHANGING, AND SO SHOULD YOU.

 

 

PLAN THE TRADE, AND TRADE THE PLAN - TRADE TO TRADE WELL, NOT TO MAKE MONEY.