ARM - Momentum trade
Updated
SMCI set some wild fire across all Semi-names. There will many sympathy plays across this sector this week, IMO.
I caught the ARM Short squeeze last week from 120 to 160. and I got few more commons when it dipped.
Below is the trade plan for commons, If you are trading options, have a tight stop loss.
Long between 137-145
Stop Loss - 130
Target #1 154
Target #2 172
Target #3 186, after a pullback.
I caught the ARM Short squeeze last week from 120 to 160. and I got few more commons when it dipped.
Below is the trade plan for commons, If you are trading options, have a tight stop loss.
Long between 137-145
Stop Loss - 130
Target #1 154
Target #2 172
Target #3 186, after a pullback.
Trade active
It's tight , We can see some huge volatility next week on this name with ARM lockup expiry. Everyone is betting on that. This can go big either way .. Up or Down
Note
Make or break day tmrw. If dumps heavy, I’m prepared to switch the trade to short side.
Trade active
Going good so far. This need to get over 135 for the party to continue.Note
I’m getting negative vibes with this price action. Either it’s gonna fake out and rally or flush down heavy back to 100’s.A negative scenario- just in case, flip to short if it breaks to the downside.
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