$ATOM — the next recovery test is near 2.09
Subscribe and like in advance
The price is above its 20-day average; over the past seven completed days, it has risen by about 10%.
Holding 1.83 on a pullback would keep a retest of 2.09 in play—the upper end of the range over the past two weeks.
A daily close below 1.65 would invalidate the thesis that the nearest support level will hold. For the uptrend to continue, the price needs to break above the recent high and hold above it.
Subscribe and like in advance
The price is above its 20-day average; over the past seven completed days, it has risen by about 10%.
Holding 1.83 on a pullback would keep a retest of 2.09 in play—the upper end of the range over the past two weeks.
A daily close below 1.65 would invalidate the thesis that the nearest support level will hold. For the uptrend to continue, the price needs to break above the recent high and hold above it.