11/8/22 ATENA10 Networks ( NYSE:ATEN )
Sector: Technology Services (Information Technology)
Market Capitalization: $1.352B
Current Price: $19.03
Breakout price: $19.10
Buy Zone (Top/Bottom Range): $18.20-$16.80
Price Target: $23.00-$23.50
Estimated Duration to Target: 107-116d
Contract of Interest: $ATEN 2/17/23 20c
Trade price as of publish date: $1.45/contract
ATEN
ATEN SHORT SETUPMarket finished 1-5 Elliot wave pattern and now is on ABC correction, we already finished minor 1-5 and it ended on where is our A point of a correction, now we are waiting for market to create a B point, which should be at 16.09 zone because market created there a liquidity zone and should pick up all the money and also there is 50% Fib zone, that point is our entry, and we should see C point at a strong demand zone and 78% fib zone.
Entry: 16.09 (50% fib and liquidity zones)
Invalidation: 17.37 ( above liquidity zone)
Target: 9.20 (strong demand zone and a 78.6% fib zone)
ATEN - Flag formation long from $9.74 to $10.57ATEN seems forming a Flag formation. Moneyflow increased & showing upward potential. Looking very good as long.
* Trade Criteria *
Date First Found- February 16, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of $9.74
Exit Target Criteria- $10.57
Stop Loss Criteria- $9.27
Please check back for Trade updates. (Note: Trade update is little delayed here.)