ARTC Technical OverviewPosted on Wednesday, January 4 2017 at 5:42 am GMT+0000
Daily bottom confirmation.
Long term trending characteristics no longer remain in place, pushing traders to remain neutral waiting for a clearer technical picture. Moving to the short term, where first targets for existing positions had been reached allowing for a partial profit taking and a trail of the positions higher towards the 1.34. Those developments confirmed the formation of a daily bottom at the 1.27 level suggesting the resumption of the medium term uptrend, raising expectations in the Bulls’ ability to continue pushing the prices higher towards the 1.42 and perhaps 1.55 zone.