setting up a 145 H&S VERY possibleThere is room on the oscillators, and technicals indicate some slowdown. It could flush even more complex if it reaches 145-150 higher than targets.
ARM trade ideas
WATCHLIST 8/25/24OPTIONS WATCHLIST 8/25/2024
NASDAQ:NVDA - Co to report earnings on Wednesday after hours. Huge call flow coming in last few weeks. Looking for calls above $130 for a move towards $136 and $140. Stock is strong on indicators
NASDAQ:MSTR - Stock up 12% on Friday with bitcoin moving higher. Looking for calls as long as stock holds 150 and bitcoin breaks 65k. Stock is strong on indicator level.
NASDAQ:ENPH - solar stocks on uptrend after Powell's comments on rate cut and future of economy. Stock broke above 50 EMA with next resistance at $135 as long as $121 holds.
NYSE:JPM - Stock broke all time highs on Friday as expected. Looking for calls above $220 for more upside. Banks stocks moving strong on rate cut comments by FED chairman
NASDAQ:ARM - Stock rejecting off of 50 EMA at $138. Stock seeing good call flow last week. Looking to add calls above $138 for a move towards $150 and higher. Stock is strong on indicator level
ARM - $132 break leads to $150ARM - stock saw some huge call buyer last week but failing to break and hold 21 EMA on daily time frame at $132.11. Stock is gaining strength on indicator level. looking for calls above $132.11 for a move towards $138 and $150,
125 testing the trendline then support at 118 (Daily)I may see some opportunities here, from a short to 118 to a high of continuing after a slight reset.
ARM: Approaching an inflection point. | 1H & D Chart Analysis |On the 1-hour chart, the price is moving within an ascending channel, marked by the two purple trendlines. The price has been consistently making higher highs and higher lows, indicating a strong short-term uptrend.
However, it’s currently approaching the lower boundary of the channel, which coincides with the 21-hour EMA. This area could act as double support, and a bounce from here might lead to another attempt to reach the upper boundary of the channel.
If the price breaks below the channel, it could signal a short-term reversal, leading to a potential test of the recent low around $97.76, which is its most important support level.
On the daily chart, after a significant drop, the price has started to recover. The 21-day EMA is still sloping downward, indicating that the broader trend might still be under pressure. What's more, thihs 21 EMA is acting as a resistance level for ARM, as it failed to break it last week.
Could ARM reverse the mid-term bearish sentiment? Yes, but it needs to break the 21 EMA (D) asap. If the price stays inside the ascending channel observed on the 1h chart, even better.
By turning bullish, the open gaps (yellow squares) will become our next targets.
Summary
Support Levels: Watch the lower boundary of the channel on the 1-hour chart.
Resistance Levels: The immediate resistance is at 21 EMA on the daily chart, with the upper boundary of the channel on the 1-hour chart also acting as a potential resistance.
We should be cautious of a break below the ascending channel, as it could indicate a short-term reversal, while a sustained move above 21 EMA on the daily chart could suggest a more prolonged recovery.
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ARM (Short-term bull run)NASDAQ:ARM
1st target: $140
Weekly chart: I see it move into the fair value gap and target to be in the box in this week or next.
2nd target: $158
Fib Retracement, 1st pull back is hit (yellow range). Once reached, $158, it is likely to do a correction. Then see whether the correction succeeds or fails.
ARM breakout If support holds and arm has a high chance of a breakout into a short term call. As seen before the head and shoulders pattern seems to have completed and arm is rebounding. Other indicators such as MA and MACD also indicated a bullish sentiment.
ARM on trendline and 61.8 retrace supportLet's see what this can buy us. If it can hold this level, and we get a nice sideways base, the upside is significant. what do you think?
ARM, Eyeing a bounce short termLooking at the ARM chart on the daily, we have multiple factors that indicate a probable short term bounce. We have bottoming tail on the daily, We've just kissed a long term trendline, we are at the 200 SMA and EMA, The RSI is at 30. We've had two weeks of relentless selling and we are now down 41% from the highs. Eyes we be looking for a short term bounce.
ARMverage rating for ARM stock is "Buy." The 12-month stock price forecast is $122.09, which is an increase of 7.62% from the latest price.
On the Trend line to start finding its wayThe second trendline steadied the ship, knowing how far they wanted to let it go before they started a reversal. Also, the shaded area has been a dominant force as an area of change in direction. I wouldn't be surprised to see this soon.
Arm Holdings Slumps 14% in Premarket Trading Despite Q2 BeatShares of Arm Holdings plc ( NASDAQ:ARM ) plummeted in premarket trading on Thursday, shedding nearly 14% despite reporting better-than-expected fiscal first-quarter results. The British chipmaker's stock faced a sharp decline following the release of its quarterly results after the market closed on Wednesday.
Solid Earnings Overshadowed by Royalty Revenue Concerns
Arm Holdings reported record revenue of $939 million for the fiscal first quarter ended June 30, marking a 39% year-over-year increase and surpassing analyst expectations of $912 million according to Visible Alpha. The company also posted diluted earnings per share of 21 cents, significantly higher than the 10 cents reported in the same quarter last year and above the anticipated 16 cents.
The robust earnings were driven by a substantial 72% increase in licensing and other revenue, which reached $472 million. However, the upbeat results were overshadowed by concerns over royalty revenue, which, although it grew 17% to $67 million, fell short of forecasts. This shortfall was attributed to lower-than-expected sales of chips, which forms a critical part of Arm's business model.
Full-Year Guidance Maintained, but Market Unimpressed
Arm maintained its full-year guidance, which aligns with the consensus estimate, but this did not quell investor concerns. The company projected adjusted earnings per share between 23 cents and 27 cents for the current quarter, in line with previous guidance but below some analyst estimates. Notably, this quarter marked the first time Arm did not raise its outlook, a move that some analysts, including Needham's Charles Shi, interpreted negatively given the stock's high valuation.
Strategic Shift and Reporting Changes
Arm also announced a strategic shift in its reporting practices, deciding not to disclose unit chip shipment data going forward. The company cited the decreasing relevance of this metric as it pivots towards focusing on low-volume, high-value chips. This change reflects Arm's strategy to target higher-margin markets and products, leveraging its Armv9-based chips' penetration to drive future growth.
Market Reaction and Analyst Commentary
Despite a strong revenue and earnings beat, the market reacted negatively, with Arm's shares plummeting over 12% in after-hours trading after an 8% increase during the regular session. The stock, which has surged over 90% year-to-date in 2024, shows some potential for recovery, as indicated by a Relative Strength Index (RSI) of 31.31.
Analysts have mixed reactions to Arm's results and guidance. While the robust licensing revenue growth is a positive sign, the slower-than-expected royalty revenue and unchanged full-year outlook raise concerns about the company's ability to sustain its growth momentum amid a competitive and rapidly evolving semiconductor industry.
Conclusion
Arm Holdings' latest financial results showcase the company's strong performance and strategic focus on high-value products. However, the market's reaction underscores the challenges it faces in meeting high investor expectations and navigating the complexities of the semiconductor market. As Arm continues to adapt its business model and reporting practices, the coming quarters will be crucial in determining whether it can sustain its impressive growth trajectory and regain investor confidence.
ARM , US Stock153 below trendline breakdown possible
21 ema below close yesterday
if sustain tl below 150/145/135 to test soon
130s seems very likely for numerous reasonsWe have a market selloff right now, with the earnings for many tech companies falling under the knife, impacting all sectors. I don't think the dust has settled, we see moving averages climb to 100-130s and with room to fall on indicators, I wouldn't be surprised to see somesort of structured reversal at 130-140.
Good setup for Arm
Target 205.00, 280.00 .
Short term RSI divergence soon over if this rebound will successful stay above 188.75
Support 160.00
ARM Trend BreakAnother major trend break here on ARM. This one seems to be holding up better than the rest, but it did close below its ascending wedge. I'm watching for a move down to the other uptrend from April to see if it can hold there.
Inverse head and sholders Possibly inverse head and sholders as long as price rejects the 160.85 area. if it successfully rejects, i can see it going and testing the 170 price. If fails to find support at 160.85, i can see it going to the 147.20.
ARM May 28, 2024: A New Buy PointAt the close of May 28, 2024, NASDAQ:ARM close up strongly above MA-50 and also crossed above the trendline as show on the chart.
Hence it provides a buy point here with the expectation of making a new high in later this year.
160 is coming everything is maxed out needs a pauseVolume isn't volatile; slow movement every day to make it bullish, continuing the trend, but the trend can't continue without a retrace. Which is why 160 is coming.
