$ARM - RC -
Added 2024-04-23 11:15:47 +0000 UTC$ARM has fallen down to earth, people were chasing this like crazy and the CEO played a beautiful game here.
He effectively held the vast majority of the shares locked up and supply was extremely tight, price squeezed over 100% in 4 days, holders began cashing out and the price dropped from $164 and is down at $93 right now.
Earnings is coming close now so there is some support around the 0.618 Fib but I can not rule out a test of the Second target first close to the 0.78 Fib at $72.
Comments
Arm is back at your top blue line. How do see the next steps?
Seb
2024-10-15 10:11:32 +0000 UTC
