ATI Inc.Long
ATI finding support at the bottom of an uptrending channel
After experiencing a significant pullback ATI has fallen in volatility.
ATI is now finding holding itself at a well validated support line within an uptrending channel.
The MACD and signal lines are also entwining around one another at a level which corresponded at the previous structure lows.
Out of the potentially bullish outcomes, the price may experience resistance at previous structure highs or it may continue upward towers the top of the uptrending channel line as indicated with the arrows.
These price targets represent 3:1 or 4:1 R:R trades respectively.
DYOR as always.
ATI is now finding holding itself at a well validated support line within an uptrending channel.
The MACD and signal lines are also entwining around one another at a level which corresponded at the previous structure lows.
Out of the potentially bullish outcomes, the price may experience resistance at previous structure highs or it may continue upward towers the top of the uptrending channel line as indicated with the arrows.
These price targets represent 3:1 or 4:1 R:R trades respectively.
DYOR as always.
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