Ataka stock forecastThe price is moving in a price channel and touching the lower edge of the channel more than once. An upward movement has started to appear since 8/25 with a clear movement from level 3.5 to level 4.5.
The price moved up with high positive trading volumes, reaching a unique level in its history of 5.86, approaching the top of the price channel, the highest point of which is approximately 6.45
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If the correction continues, the stock will fall to 4.85, and if it is broken, it will fall to the next level, 4.55. This is a somewhat unlikely scenario.
It is likely that after the correction wave ends with positive liquidity entering the stock, it will reach the 5.83 level and break through it. This is likely in the event of positive news after the Ezz Steel stock session during the current month of January.
Beware of breaking the 4.5 level.
Technical indicators indicate an expected rise, so it is preferable to buy after the next session or two until we see the end of the correction wave.
Good luck everyone
