ARTX Weekly Chart: 7-10-19

Volatility Watch

ARTX – Weekly 7-10-19 by follow_the_money on TradingView.com

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
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