longsonvn

ARM March 15, 24: A Symmetrical Triangle?

Long
longsonvn Updated   
BATS:ARM   Arm Holdings plc
On March 15, 24, I am looking to trade ARM using this symmetrical triangle/bullish pennant pattern.

A move up piercing the upper trendline will present a buy signal, with volume confirmation on break out.
Trade closed manually:
The stock indeed moved out of this pattern but failed to move up further. I closed the trade on March 27, 24/

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.