AMATA (1H) - Bullish impulse after the 17.0 breakoutAmata Corporation Public CompanySET_DLY:AMATAAll_Time_WealthOn the 1H chart, AMATA shows a strong bullish impulse after breaking above 17.0 (Fib 1.0 / blue line). Price then followed the Fibonacci Extension targets and is currently seeing profit-taking, resulting in a short-term pullback and consolidation near key levels. Technical Overview •The primary trend remains bullish (clear Higher High / Higher Low structure after the 17.0 breakout). •In the short term, price is in a pullback / consolidation phase after an extended rally. Key Price Zones (Based on the Fib Extensions on the chart) Major Supports •19.3 (Fib 2.0): Key pivot zone — holding above keeps the bullish continuation bias intact. •18.4 (Fib 1.618): If 19.3 fails, this is the next likely retest area. •17.6 (Fib 1.272) and 17.0 (Fib 1.0): Structural supports from the larger breakout leg. Major Resistances •20.0–20.x: Prior swing high / supply zone (needs a clean break to continue toward new highs). Price Action Scenarios •Bullish continuation: If price holds above 19.3 and breaks the local consolidation to the upside, it can retest 20.0–20.x and potentially print a new high. •Deeper pullback: If price breaks below 19.3 decisively, watch for a reaction at 18.4, then 17.6 / 17.0 if selling pressure persists. Summary: The uptrend structure remains intact as long as price stays above 19.3, but a clean breakdown below that level increases the odds of a pullback toward 18.4. Disclaimer: This post is for educational and technical analysis purposes only and is not financial advice.