TBirben

tradingview is a bitch making me re-write all this shit

NASDAQ:ARTL   Artelo Biosciences, Inc.
Indications & Patterns

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

Disclaimer

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