$Atour Lifestyle Holdings Limited(ATAT)$ - Remaining Resilient
This is exactly the kind of price action development and relative strength you want to see in your watchlist candidates. The price range ATAT has been trading is tightening up in a week over week basis.
At the same price it reached during its peak on October 7th following the initial rally, ATAT was trading at a 12x ATR% extension from its 50-MA. Now, after a period of consolidation, the 50-MA has caught up, and it's currently only 1x ATR% away from the 50-MA at the same price.
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