Long
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.