Stock Of The Day: Where Will ARM Reversal End?
Portfolio Pulse from Mark Putrino
The article discusses the stock of Arm Holdings PLC (NASDAQ:ARM), highlighting its recent overbought status and potential price reversal. The stock may find support at $163 due to trading psychology and seller's remorse.
September 16, 2024 | 5:53 pm
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Arm Holdings PLC (NASDAQ:ARM) is currently overbought, which may lead to a price reversal. The stock could find support at $163 due to trading psychology and seller's remorse.
The article highlights that ARM is overbought, which typically attracts sellers and can lead to a price decline. The potential support at $163 is based on trading psychology, where previous resistance levels become support due to seller's remorse.
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