ARTC Technical OverviewPosted on Tuesday, March 7 2017 at 5:34 am GMT+0000
Bullish scenarios above 1.00.
Both long and medium term scenarios have been postponed for now ,as the market continues to show strong negative momentum, and traders shall be waiting for reversal patterns in this descend before considering new positions in the share. Hence, with a medium term correction on the making, focus turns towards the short term, where an immediate break above the key level at 1.00 would shift the bias to Bullish allowing for near-term positions. While any move below the 0.87 level would confirm the resumption of the prevailing downtrend.