The Long Investor
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$ARM
🕑 Added 2025-02-05 20:05:42 +0000 UTC$ARM reports after the close today and I really struggle to understand what these guys do and their chart is not straight forward.....CEO also owns a large amount of stock and is able to squeeze the share price by limiting supply, which caused the strong rally in early 2024.
A break above the wedge at $180 and their targets above are $228 and $275.
A break down and this could be in serious trouble, so losing the 200 Day MA at $139 should be a concern for holders, please be cautious here.
Comments
Mitch
High margin biz, licensing chip designs basically. That’s my ultra-high-level understanding anyway
