ARM is rebounding from Nvidia's strong performance.
So far, it seems to be forming a cup without a handle. But it can form a handle at any time.
For the former, $164 could be the ideal buying point. But personally, I would like ARM to form a handle.
Because ARM's cup base is too deep (-48%)
Furthermore, as of last quarter's report, it is also concerning that funds have continued to sell ARM.
Of course, if the stock breaks out the buy point strongly with high volumes, there will be no problem.
So far, it seems to be forming a cup without a handle. But it can form a handle at any time.
For the former, $164 could be the ideal buying point. But personally, I would like ARM to form a handle.
Because ARM's cup base is too deep (-48%)
Furthermore, as of last quarter's report, it is also concerning that funds have continued to sell ARM.
Of course, if the stock breaks out the buy point strongly with high volumes, there will be no problem.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.