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O9T trade ideas

ARM LONGWe have three chartist patterns here: 1- An ascending channel. It's top (yellow) it's still giving the price more space to go up. 2- Up trendline (orange). It has been touched and respected three times and that means that the bullish trendline is powerful. 3- Symmetrical triangle pattern. We have to put attention to it, because if price breaks to the upside, then it will fuel a rally to the targets given below. The target is 164.16 and then 174.81 or so. Finally the all-time highs at 182.65. Also, fundamentals are currently bullish for semiconductors.
NASDAQ:ARMLong
by hungryOatmeal4528
ARM LONG? SHORT?Follower requested ARM analyze! if you want also you can DM . We are in critical point in the structure, where it determines if we are going up or down. must watch closely in the upcoming week to see how it behaves below the line, if we retest the line again and fail we will go and retest the red area below 126-134. And if the red line area fails-> we will be going lower and out structure would be in this case distribution. Else we must see the price breakout of the upper line, it can continue up or retest the line. SL BELOW 126$ TARGET 173$-187$ * will update if there is any change in sentiment of the structure * for any question drop them below, and HIT THE FOLLOW BUTTON
NASDAQ:ARM
by ChartHouse_