The Long Investor
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$ARM
🕑 Added 2025-03-20 13:07:26 +0000 UTC$ARM has finally broken down from this triangle that I warned to stay clear of at the start of the year, I do not like their fundamentals or their management and I continue to struggle to see what value they offer.
A breakdown like this is typically met with a lower low and we can see that the 0.618 Fib was a support level in August, so a move down below $101 to the 0.78 Fib at $77 is possible next.
I would not be considering a position here.
