Monthly TF - Descending Wedge formed and being tested - EMA21 being tested with ATH volume
Weekly TF - Heavily tested EMA21 and SMA50 broken and have crossed - SMA100 now being tested - Leaplong downtrend line forming descending triangle with fib 0 - Bullish Div on Sqzmom
Daily TF - Bear div w/ possible hidden bull div on MacZ - SMA200 crossed EMA21, SMA50 and now close to SMA100
2hr TF - EMA21 transitioning to downtrend
Fundamentals
- Medical Cannabis Sector (Biden) - Sector leaders such as AXIM,ZYNE,OWCP have increased 100%+ since Feb, but before the recent red days. ARTL has lower market cap then them, they have increased 200%+ since Feb - "Authorized Shares of Common Stock from 18,750,000 to 750,000,000." Dec.12 - "Equity Incentive plan from 2018 recently passed by SEC" Dec.16 - Share Float - 45% - 37% held by investors, 18% by shareholders - Short volume .20 - Short float - 14%
Verdict
- Sideways, or even downtrend for the coming weeks, followed by a pump to $6.5 area to fill gap down