Arm Holdings (ARM) got rejected yesterday on the 1D MA50 (blue trend-line) after recovering it following a full month of trading below it. As the price got outside its long-term Buy Zone (green), this pull-back might be the last opportunity to buy the stock before Resistance 1 is tested. Our Target is marginally below it at...
Analyzing the options chain and the chart patterns of ARM Holdings prior to the earnings report this week,
I would consider purchasing the 85usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $8.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Overview
Arm Holdings PLC ( NASDAQ:ARM ) recently had its IPO back in September 2023. Since then it has bounced around between $46-$78 and I think it's gearing for a rally. Unfortunately there is not much room for a confident technical analysis because of ARM's minimal chart history but I believe this company is definitely worth adding to the Watchlist.
ARM...
