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The technical target following the break of this multi-week bull flag is somewhere around $1.55 though some nice fib resistance can be found right at the current levels. This could turn the pair down for a re-test of the upper limit of the recent trading range ($1.49/1.50) that would be about 61.8% retrace of the recent run up.

This was another trade that I had recently with a similar setup to my ACAT trade. Many of the technical factors were in line and my nightly screens brought this one up. ATML had a pretty strong decline since the beginning of the year and I found a period where it had lost that downward momentum. The RSI indicated it was very oversold as well as the STO. I watched this a few days and found a stronger white candle than the previous days with higher volume as well. I took and entry the following day at open at 3.06.