Arm Holdings plcShort
ARM - H&S and Harmonic
TREND
According to the current wave structure, it is still in the uptrend.
However, head and shoulders formation is a powerful reversal indicator.
It has not formed a channel yet, but a probable channel can be estimated as on the chart.
Moving Averages
It has been recently listed in the stok exchange, so not possible to make substantial analyses.
SUMMARY
Based on this analysis, a price action following the blue arrow is highly probable.
Such a price action also generates a bullish harmonic pattern.
According to the current wave structure, it is still in the uptrend.
However, head and shoulders formation is a powerful reversal indicator.
It has not formed a channel yet, but a probable channel can be estimated as on the chart.
Moving Averages
It has been recently listed in the stok exchange, so not possible to make substantial analyses.
SUMMARY
Based on this analysis, a price action following the blue arrow is highly probable.
Such a price action also generates a bullish harmonic pattern.
Note
Disclaimer
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