ARM holdings - long at 51$ IPO price
Updated
ARM´s IPO hype was only of short duration. Today the market have almost reached the original issue price of $51. Here I'm going to open a small long position (I will add longs after a consolidation or reversal). I expect the price to go up to the gap close. There I will put my take profit and also place a short order.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date/ don't miss new ideas
Thanks for your support!
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date/ don't miss new ideas
Thanks for your support!
Comment
51$ did not hold so far. Set my planned entry down to 50$.I only buy if the ES starts to consolidate near August 23 low.
Trade active
bought first 50 shares todayNow I am looking for a daily candle close above 53$
before I start to add more shares to this Position.
Comment
Pre market looking good so far. I expect a little correction today but that down movement yesterday in the S&P500 was strong. Maybe we could see another similar movement on Monday....For now the next resistance I keep my eye on is near 54$.
Comment
Comment
Market wasn´t strong enough to break the 54$ resistance. It could retest the 50$ area for a third time. Depends strong on the general market condition. Its end of month and a lot is possible...
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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.