ARTC Technical OverviewPosted on Monday, February 13 2017 at 5:37 am GMT+0000
Possible daily reversal.
With a possible daily reversal in the making, Bullish scenarios have been placed on hold in the medium term. Previous daily uptrend has lost strength and the share is now testing the previous bottom at 1.29, where momentum triggers are warning of a return of Bearish sentiment. Hence the 1.41 level continues to be the significant resistance for both medium and short term traders, as only an immediate break above it would act as a prompt renewed long positions. At the other hand a break below the 1.29 would turn the entire picture into negative and target further declines.