$ARM Holdings Ltd(ARM)$ would love for this to run on next ER, but it wants/needs to bust through this ‘magical’ support and go through a ‘bottom discovery’ process first. It’s running out of juice and being supported on very low volume. Needs to consolidate lower on higher volume in order to have fuel for the next leg up. Many bearish bulls are waiting to get in lower. Also, seems like macro is a bigger factor than anything stock specific.
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