ARTC Technical Overview

ARTC Technical Overview

Minor pullback.

Considering the prevailing trend characteristics, both long and medium term traders shall remain neutral for the moment, and wait patiently for bullish reversal signs before attempting to acquire any new positions. The Recent short term developments suggested accelerating Bullish momentum, but with the aggressive overbought state recorded by the near-term oscillators on Wednesday a slight corrective phase was initiated, traders shall take advantage from the extended downside move that is taking place, which might be offering renewed buying opportunities, or alternatively an immediate break above 1.43 would confirm a further rally targeting 1.50 and 1.63.