Arm Holdings (ARM) - Head and Shoulders Pattern, Target $78-$94

2024년 10월 10일

Overview: Arm Holdings (NASDAQ: ARM) is forming a classic Head and Shoulders pattern, a bearish reversal pattern that signals a potential drop in price. The pattern is visible with a left shoulder, head, and right shoulder clearly defined. The neckline support is around the $140 area.

Technical Setup:
Pattern: Head and Shoulders
Breakdown Level (Neckline): ~$140
Target Zone: $78 - $94, as projected from the height of the head to the neckline
Key Resistance: $164 level (former high)
Earnings Catalyst: With earnings approaching, the release could act as a potential catalyst to expedite the completion of this pattern, either causing a breakdown below the neckline or a temporary rebound before further selling pressure.

Price Action:
A breakdown below the neckline could see the price falling to the target zone of $78 to $94.
Watch for any bounce around the neckline, which might offer a better risk/reward entry on confirmation of the pattern's completion.

Risk Management:
A daily close above the right shoulder (~$148) would invalidate the pattern and warrant a reevaluation of the setup.

2024년 10월 18일

노트

Target of right shoulder has been reached, might need time to develop. Waiting for confirmation on downside.

2024년 11월 15일

액티브 트레이드

Election Events delayed the short, New target of $108-$110 within the end of the month.

2024년 11월 28일

노트

Strong market is keeping up ARM, coming into December we may see a sell off. --- Keep an eye out for any macro events. Keep a tight stop if we see a rally above $142

2024년 12월 6일

거래청산: 스탑 닿음

2024년 12월 6일

노트

Rallied above $142 -- Holding Trendline