Arm Holdings plc
Short

ARM looking weak

147
ARM is way overvalued and the technicals don't look great.

Not the cleanest head and shoulders pattern but I see one is forming and it should be confirmed, UNLESS we bounce at the golden pocket.

I don't like the bearish diverences on the RSI, so I suspect we will continue to see this fall.

Not a whole lot more to say here, be careful with this stock. It's a great company but it's mostly owned by Softbank and when they decide to sell it will cause a massive drop in price.

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