ARTC Technical Overview

ARTC Technical Overview

Posted on Tuesday, January 9 2018 at 5:29 am GMT+0000

Change in the medium term outlook.

The share remains strongly Bearish in the long term after it managed to reach a new 52-week low. However in the medium term, a new Bullish movement is developing. After a significant downtrend, a medium term reversal was activated with the upwards break of the previous daily top of 2.50 and propelled a further rally. Medium term traders who activated longs with that move already reached their initial targets at 2.61 and are now advised to trail their positions higher towards their entries.

ARTC-EN 2018-01-09