Arm Holdings plc : An interesting technical situtation
Entry price | Target | Stop-loss | Potential |
---|
US$1,104.68 |
US$0 |
US$1,055 |
-100% |
---|
Strong fundamentals and a smart entry point are the main advantages of the security.
Earnings estimates are encouraging, sales and operating income should keep their strong 2 digits growth while dividend will go on increasing steadily. The share still has a +5% potential to reach the consensus average price target, which has a strong buyer opinion.
Technically, the stock recently briskly reacted when it got in contact with the GBp 1205 resistance, due to profit-takings. The security successfully tested the GBp 1079 support and is now evolving on its lower trend line. Consequently, investors can expect an acceleration toward the upper trend line. A first goal could be the GBp 1205 resistance. A stop loss should protect the trade around GBp 1055 in case of a further correction.
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