ATER - We had a nice reversal into an impulse Wave 1 move from $3.04 -> $19.10 and since then, ATER has pulled back into it's W2 correction within this falling wedge. It is nearing the APEX (Nov 12 but could breakout anytime now). Current resistance is $6.89 and next support at $5.70 then $4.70.
Keep an eye on this one as a break above $6.89 can send this straight towards $6.89 and potentially $8.24. We're now waiting to see that impulse move for a micro W1 to begin what is expected to be a minor W3 towards $21.
$3.04 is the W1 low and is the invalidation level. If ATER breaks below this, the pattern and wave count is broken.
ATER still has an extreme high short float at 55.43% according to Finviz
Keep an eye on this one as a break above $6.89 can send this straight towards $6.89 and potentially $8.24. We're now waiting to see that impulse move for a micro W1 to begin what is expected to be a minor W3 towards $21.
$3.04 is the W1 low and is the invalidation level. If ATER breaks below this, the pattern and wave count is broken.
ATER still has an extreme high short float at 55.43% according to Finviz