RECOMMENDATION SELL
TARGET 1035
The Major trend of ARM HOLDINGS PLC it is showing strength for selling. If it breaks the support level then one can initiate the selling position in the stock. If it breaks the level of 1103 then it can show downside movement for the target of 1060 with the stop loss of 1131.
CHART FORMATION:-
Stock is trading in a range and breaking its neckline will lead to downside movement. Stock is trading below the 50 DMA with negative bias.
INDICATORS:-
RSI is trading near to 34.33 level with negative bias, in upcoming session downside movement is expected.
MACD and Signal line is sustaining below the zero level line.
TARGET 1035
The Major trend of ARM HOLDINGS PLC it is showing strength for selling. If it breaks the support level then one can initiate the selling position in the stock. If it breaks the level of 1103 then it can show downside movement for the target of 1060 with the stop loss of 1131.
CHART FORMATION:-
Stock is trading in a range and breaking its neckline will lead to downside movement. Stock is trading below the 50 DMA with negative bias.
INDICATORS:-
RSI is trading near to 34.33 level with negative bias, in upcoming session downside movement is expected.
MACD and Signal line is sustaining below the zero level line.