cheezzy
07-30

$ARM Holdings Ltd(ARM)$ I went painstakingly through all 219 trading days since the 9/14/23 IPO, when I bought at the $56.10 open.

I was looking for any bullish or bearish patterns.

Since the 7/11 reversal day for the market (when Mag 7 stocks started underperforming vs. other groups), I see that in just 13 trading days ARM has had 5 days where it was down 5%+ vs. only 1 up day of 5%+. This is the first time this has happened in all 219 trading days thus far.

All in advance of earnings on average to heavy volume is not a healthy sign.

Also, stock is about $10 under the 50 day moving average. Look for possible support at/near the rising 200 dma.

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