The mining industry is outperforming the PSEi. PX, NIKL, LC/LCB, and MA/MAB have shown upward movement with momentum for the past few days! Why is Atlas Mining (AT) not in the roster?
While most of the attention is in PX, LC, and NIKL, AT might follow suit. That's good news for me since I can still probably bandwagon the mining rush. From my Technical Analysis (TA), I can see an uptrend about to start by the appearance of a hammer candlestick today, which can signal the death to Atlas' short-term downtrend. When you look at the bigger picture, AT's chart looks poised for an uptrend that will range moderately. Today, the oscillators are also signalling a buy as the %K stochastics has cross-overed %D stochastics, and RSI is showing a positive divergence. Volume is slowly increasing. Recently, they have also disclosed information that their 40th shipment of copper has been successful and the next shipment will be on April 25.
Personally, this stock will be in my watchlist for tomorrow.
Short term TP (1 day to 4 days): 16.2
Mid term TP (5 days to 2 weeks): 17.2
Long term TP (2.1 weeks to 2 months): 18.5
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