ARTC Technical Overview

ARTC Technical Overview

On its way to 2.78.

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 are allowed to move their second targets higher towards 2.95 after the recent correction while using the new daily low to adjust their stop levels. Whereas short term traders had the chance to reinstate their positions with the move above 2.72 in an attempt to extend their gains within the medium term rally and target 2.80 and 2.93. Only the move below 2.60 can ease the short term momentum and lead to the liquidation of those positions.n the way towards