Arm Holdings (ARM) - Head and Shoulders Pattern, Target $78-$94
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.
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.
Ghi chú
Target of right shoulder has been reached, might need time to develop. Waiting for confirmation on downside.Giao dịch đang hoạt động
Election Events delayed the short, New target of $108-$110 within the end of the month.Ghi chú
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 $142Đóng lệnh: dừng lỗ
Ghi chú
Rallied above $142 -- Holding Trendline 
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.