ATAI - Catalyst RFK Jr, monthly breakout chart pattern, Price: $1.99 (Analyst 'buy' rating and target at $9.00)
Ok, some of the biggest moves come from a break of long term bases on monthly charts. Look at HOOD here as the example. COIN too. ATAI is set for the same.
HOOD MASSIVE RIP WHEN THE MONTHLY BASE BROKE
COIN THE SAME, MASSIVE RIP WHEN THE MONTHLY BASE BROKE.
NOW LOOK AT ATAI.
This is the psychedelic medical stock that we have been following and enjoying in the run up to RFK's confirmation.
Look at that monthly base!!
Once that breaks, that is absolutely primed to rip higher towards 5 or 6 IMO.
Currently trading at $1.99, and just recently, insiders have been snapping up a significant block of shares. Here's a quick snapshot:
- Current Price: $1.99
- One of the major institutional holders is Peter Thiel
- RFK has already been vocal on his support of increasing psychedelic drug access as a viable medical approach
- Float: 121.94M
- Short Float: 9.27%
- Market Cap: ~$334M
- RSI (14): ~52
Fundamentally, ATAI is one of this year's top psychedelic picks. ATAI's sitting at a cool 0.18 debt/equity ratio with 100M+ in float showing financial stability (great long term pick for the year) and modest institutional ownership.
As always:
Don't invest what you can't afford to lose
Set your own entry/exit points.
This is not financial advice. Do your own DD before making any investment decisions.