ABAT LongHigh Time Frame Long
Potential wave 3, HTF.
Accumulation/ Distribution indicating that increase in buying volume
Potential bottom or close to bottom.
Target $100+
No Stop
ABAT trade ideas
ABAT poised for massive breakoutAmerican Battery Technology Company is primarily a Li-ion battery recycling company with goals to be a major U.S. provider of battery black mass and battery metals and compounds. They have been awarded many millions in federal funds and are growing rapidly. The company announced in September to increase available shares from ~80M to 250M, however no immediate share sales are anticipated. This stock rose to great heights amid the COVID stock market mania, and has since fallen quite far, particularly after September of 2023, when the stock had a 1/15 reverse split to meet requirements for listing on the NASDAQ.
The stock has been trading at ~$1 (the minimum requirement for NASDAQ listing) for approximately 3 months. This has built an exceptional level of resistance, above the pre-COVID mania stock price.
Shown here in the upper chart in red, white, and green lines are various moving averages on the 3-day chart. Lines will change colors from red to white, white to green, and vice versa, as the moving average increases or decreases and flips a neighboring moving average line. As you can see, following prolonged expansion of the total moving averages, large reversals tend to occur (effectively a reversion to the mean). The RSI chart shows a bottoming out and slight reversal, flashing bullish strength.
The bottom chart shows the same moving averages on the 1-day chart. You can see how the moving averages are converging (contracting), and this often signals a coming move. Following a Sept. 20 announcement of new federal grants, a blowoff stock sale occurred which was quickly absorbed by buyers. The volume of that event over 3 days was >100% greater than any other 3-day period in the stock history.
I believe ABAT is poised for a massive breakout and, at minimum, a 100-200% run in the very near future. Evidence:
Moving averages on high time frames have show over-expansion for a prolong period of time
Moving averages on low time frames show local contraction over recent weeks, a sign of a breakout move
Both RSI and CDV are bottoming out and flashing reversals on high time frames
The unprecedented selloff and failure to break below the ~$1 buy wall from Sept 20-25 indicates to me that a positive price reversal is the most favorable move
I don't know what will be the catalyst. The company, for all its strengths, is a bit quiet.
ABAT At Nice Long Entry For A Swing TradeRisk Reward here is exceptional. ABAT is setting up for good swing trade long.
ABAT - LONGABTC has been on a roll, nailing down the purchase of a massive industrial facility for their battery recycling gig and getting their operations off the ground in no time. They're not just stopping there; they've cranked up their operations by adding another shift and are already eyeing up locations for another facility. The word is they've got some hefty feedstock deals in the pipeline, which could keep them busy for years. What's more, they've got the thumbs up from some of the big names in autos and batteries after passing some serious quality checks.
On top of all that, the U.S. Department of Energy is backing them up with some substantial grants, which just goes to show they're not just another player in the game. They've pulled in more grant money this year and are wisely using it to fuel their growth. Speaking of money, they smartly raised $25 million through convertible notes, showing they know how to keep the cash flowing for their ambitious plans.
All in all, as someone who's got a keen eye on the market, I'm pretty bullish on ABTC. They're pushing forward at full throttle, securing strategic partnerships, and getting that government nod, all while keeping their finances tight. This isn't just about riding the green wave; it's about being ahead of it. They're setting themselves up to be a major player in the battery recycling industry, and I'm here for it.
Id like to see us trade up into the $3 to even $4 range over the next few weeks to months.
ABAT long to 4.0Potential bull run mostlikely to the 4.0 mark.. A lot of downside in this stock but hopefully another bull run.
Starting to post again and hopefully more frequently to learn from my mistakes and sharpen my skills. Like and comment and I will give you a follow! Thanks for looking Traders!!
