$ATAT Still Flagging But Higher Lows Over the Last 7 Sessions, Strongest China Setup
$Atour Lifestyle Holdings Limited(ATAT)$ (Update) - Still Flagging But Higher Lows Over the Last 7 Sessions, Strongest China Setup
I was price alerted to ATAT by its price and MA action when it reclaimed all 10, 20, and 50-MA within the first hour of trading. Did not pull the trigger due to low RVOL at time and I chose to avoid immediate exposure near the execution price, aiming to first navigate the pre-market GDP prelim release and unemployment data later today.
ATAT remains a top priority on my focus list, currently trading in a more favorable spot than before. Since early October, it has consolidated from a 10x ATR% extension off the 50-MA and is now flagging toward its rising 50-MA.
With significant attention on China, even highlighted by both InsiderBuySS and @LoneStockTrader, ATAT stands out as the strongest Chinese RS name with a solid liquid setup at the moment imho. It's trading at average dollar volume of $36 Million USD.
Image
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
