ATO Bullish Divergence and StochRSI cross and nice tail!I will long ATMOS coming week.
I see a nice set of bullish divergences on EFI and MACD-H, together with StochRSI crossings.
Furthermore, a long wig is seen on the daily, which seems to mean there is a strong rejection there, and the market wants to go the other way.
I expect the target to hit +1,5 ATR line on the 4H timeframe at least.
But I will evaluate the bullish divergence on the daily as well, because if that one plays out we can enter the target zone of 110-111
Weekly impulse is still red (EMA and MACD-H both going down) and therefore I need to see how the week develops, to see if I get out at the short term target or not.
Entry: 107
Short term Target: 109.50
Longer term Target: 111
I will evaluate the strength of the move, to see if it will hit
Stop: 105.99
R/R ratio: 1:2 short term
R/R ratio: 1:3 longer term
