Jan. 14 at 12:15 AM
$ARM I'm taking a closer look at this for possible entry because it's the only chip stock out of 43 that I watch that is in RSI oversold condition.
ARM has...
■ fallen -41% from 52 week high
■ but still up 34.8% from 52 week low
■ fallen through all key 20,50,100, and 200 moving averages <-- very bearish
■ RSI of 27.70 is very weak but could be early sign of reversal coming
■ 52 week bottom is
$80 on last major crash in back in April
■ 39 analysts give and average rating of
$162.47 (51% upside)
■ From Oct high until now, 80% of daily candles are red meaning selling momentum hasn't slowed.
■ 1 or 2 more red candles should get this to
$100, and I'll start accumulating there with 2x leverage
$ARMG.
