ARM Set to Rally

By Licia Leslie

October 9, 2024

Hi Shoppers,


ARM Holdings (Ticker: ARM) has held the support level of my pitchfork and bounced:

Once it clears $145, it is heading to its previous high at $152.39.

 

MACD also looks just about ready to turn positive;

 

Use a close below that $145 as your stop loss.

 

Trade Review

 

RTX Corporation (Ticker: RTX) has not made its move higher, yet. It does appear to still be bull flagging.

 

Thank You for Reading … See You Next Tuesday,

 

Licia Leslie

Licia Leslie

Head of Technical Analysis

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Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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