The Atossa Therapeutics stock is sitting at $5.77. Now, this thing has been running up recently, and we’ve seen a bit of a decline. As you guys can see, we saw a peak of $9 per share. And we’re now sitting at $5.70 $8 per share. So you can see that as a buy the dip situation if you want or you can see it as there’s being more room to fall. It’s really up to you guys. But what Atossa therapeutics has going for it is it has a COVID-19 nasal spray treatment that has recently been, I believe it was recently FDA approved. Now, this treatment helps treat people who already have symptoms of COVID-19. So if you have COVID-19, they’ll give you this spray, squirt squirt in your nose, boom, your symptoms are gone. Very, very good drug very good treatment. And that’s why this thing has been running in the past few months. On the daily time frame, the Atossa Therapeutics stock price was has reached a new high fr this year at 9.70$ level. Then started a correction to the broken s resistance level 4.90$. The ATOS stock price has made two impulse waves for now and it is moving on a correction. I expect the reversal to start at 4.90 support level, the Atossa Therapeutics stock price will probably go up to retest 6.70 level and make Head and shoulder pattern. On the H4 time frame, a clear impulse bearish wave is forming, starting from the previous high level at 9.70, and it almost ended. If you like short-term trading, then you can buy it after making a retest around 4.90 support level and place your target level between 6-6.70 levels. You should close the trade before the bearish reversal gets started, the price will make a new daily low probably after reaching 6-6.70 levels.
