ARTC Technical OverviewPosted on Sunday, November 6 2016 at 5:48 am GMT+0000
Bearish structure being overriding in the long term, which prevents any new market entries. In the medium term the sharp decline was halted at the critical support level of 1.28. Traders shall bear in mind the negative bias, despite the consequences of that strong support zone, therefore they will monitor for stronger support confirmation before instating new longs. Short term traders might take advantage of the probable medium term pullback and initiate new positions above 1.35, which will confirm the completion of a near-term bullish reversal. Failure of the share to persist above the 1.28 will cancel any bullish probabilities and signal for further declines.