Read post #11633. You are at the 52wk low of .011 now and you need a close above the 2dma(.0116) to reverse northward.
You have a stack of bidders at .011 now and ARCA was squarely there all day today.
ARCA had been flashing on and off of the bid yesterday but opened and close at .011 today.
DOMS, HDSN, and NITE have been shaking her down daily with fake walls and spreads to scare folks out of their shares at the bid.
This stock has been manipulated downward for weeks. It has been part of a pattern for ARTS.
Look at the 5,10, & 20 daily moving averages over the last few months and you can see that the positive and negative crossovers show the way.
They are now back in proper alignment to turn back up, but the first indicator will be the lessor dmas, the 2/3/4dma crossover.
Thus a close above the 2dma is required. The weekly dmas also give you a good indication.
Once that occurs the weekly 5/10/20dma is currently (.0183/.0218/.0495) and has risen to cross the 20dma each time.
The up week has followed either 3 or 6 down weeks each time. This is the third week so tomorrow could be the beginning of the next turn up.
The monthly chart also shows the fall from .20 over the last 6 months.
A doji is being formed at .011 if it holds tomorrow on the monthly chart. The 5/10/20dma on the monthly chart is .05/.10/.20 and the last run up hit the 5dma(.045) monthly after touching a low of .012.
So if .011 or close holds tomorrow she should hit .05 or higher over the next month and the monthly doji formed would indicate a turn and double bottom formed awaiting confirmation. Overall I like .011 and a hold pending confirmation next week.
Volume dried up today as very few were shaken out. Down from 8mil shares to 3mil shares. Buys out weighed sells for the second day in a row.
If folks cannot be manipulated out of their shares she could run hard and quickly. Hitting the ASK would set her off. Some have been shaken by the daily posters of negativity. It happens on all stocks. That is why I just follow the charts.
Good news here lately and filings due in two weeks. I prefer to be in before news and the charts will show the way if things are going to be good.
No doubt there has been dilution over the last year as with all pennies. I'm not worried about the share count as she could not have gone up 300% to 400% on each of the last two weekly runs!!
See the weekly chart on a 5 month spread. Plot the 5dma,10dma,20dma and then look at KATX, MCLN, MDFI, and ARTS. I play them all.
I hope that helps you out.
Good trading to you....
