$ARM Holdings Ltd(ARM)$ Very Bearish! Strong sell!
Hi all! Yesterday is the best day for Dow this year and S&P 500 close at ATH. So it is a very Green Day which the market bulls still want no reversal ideas entertained at all. Therefore, my theory that this could be the market reversal is negated. However, the chips stock is definitely losing it's mojo, especially ARM which is extremely overvalued. That is why it is still red yesterday and sell down. I believe the stock looks as bad in technical analysis as it's fundamentals and value now at current prices. There are even professional traders cashing in two years earlier for big volume options because the current prices is just way out of proportion to the stock value! Therefore, my advice is to continue to short ARM or buy it's put options to join in the profit taking slide of the stock. Huat Ah for everyone!$ARM 20240517 125.0 PUT$
Modify on 2024-03-28 22:21
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- marketpre·03-29this content damn useful, thank you so much!LikeReport