ARTC Technical Overview

ARTC Technical Overview

Eying a challenge of 2.73.

While both weekly and daily charts continue to reflect a clear Bearish outlook near the 52-week low, traders are obliged to remain outside of the market. The break below 2.98 intraday pivot has restarted Bearish momentum and signaled the intension of the share to continue to a retest of the previous lows of 2.83. A further break below that level will increase the odds for a move below 2.73 where the underlying Bearish structure will be strengthened. At the present time, only a rise above the 3.09 daily resistance will provide some strength and indicate a further upside correction.