Ateme : No turn-around in sight
Entry price | Target | Stop-loss | Potential |
---|
€17 |
€19.2 |
€16.16 |
+12.94% |
---|
The current trading zone is interesting to the point that investors should pay attention to the stock and anticipate a return of the underlying upward trend.
Strengths● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 12.78 EUR
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at EUR 17.26.
● The stock is close to a major daily resistance at EUR 17.8, which should be gotten rid of so as to gain new appreciation potential.
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