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ARTX - Weekly 7-10-19
Downside:
- ARTX has been forming a long term downward channel on the weekly chart
Upside:
- RSI is at 27...signalling an oversold condition
- Over the past 11 years, when ARTX reached an RSI <30, it ran >250% twice
- Current price is near the bottom of the downward channel
- The $1.92 level has served as support twice, and now appears to be resistance, I am looking to see the stock price go above this level and use it as support once again
- ARTX has been forming a long term downward channel on the weekly chart
Upside:
- RSI is at 27...signalling an oversold condition
- Over the past 11 years, when ARTX reached an RSI <30, it ran >250% twice
- Current price is near the bottom of the downward channel
- The $1.92 level has served as support twice, and now appears to be resistance, I am looking to see the stock price go above this level and use it as support once again
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