ATECH, Uptrend based on AlgoSignal StrategyThe current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
ATECH trade ideas
Atech, Uptrend based on AlgoSignal StrategyThe current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
Monitor for BreakoutTrading above the 2-50-200 EMAs, it is on an uptrend.
It is not yet overbought.
We can monitor for a breakout at the major Resistance of 2.75.
It is also observed that it is now trading at the level of 0.618 of Fib Retracement.
A strong breakout is possible if it repeats the power moves in Dec 2021 & Jan 2023. We are also now moving into the year end / new year 2024 period.