ARTX, Set up for another rally in mid November. Pitchfan of 1yr
ARTX has had a few nice jumps this summer at roughly 2 month intervals.
Using the general pitchfan at the end of downtrend Q3 2012 we can see the share price increasing through the resistance levels over the long run. Currently, at a support of 1.85, I am expecting a bounce upward to 2.40, possibly 2.60 by November 14th. Earning Release is November 11th or 12th, big POP around these dates.
Profit Target: $2.40
Stop loss: $1.60
Using the general pitchfan at the end of downtrend Q3 2012 we can see the share price increasing through the resistance levels over the long run. Currently, at a support of 1.85, I am expecting a bounce upward to 2.40, possibly 2.60 by November 14th. Earning Release is November 11th or 12th, big POP around these dates.
Profit Target: $2.40
Stop loss: $1.60
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