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TOPIC: ARM holdings

ARM holdings 25 Oct 2012 09:42 #1

  • Jackozy
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Yep, I see it the same too - plenty of support in the 640 to 651 area and no bearish RSI divergence at the new highs: dl.dropbox.com/u/20815047/ARMdaily25_10_12.gif
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ARM holdings 25 Oct 2012 09:23 #2

  • remo
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dl.dropbox.com/u/4899609/arm25thoct.png



arm25thoct.png



Id be going long at that gap support as its now a very strong support level. Obviously on first attempt basis.
As diver says below that 640 (a finish) then it may have difficulty.But thats a very strong area now so id be surprised if it falls below that

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ARM holdings 25 Oct 2012 08:02 #3

  • diver993
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screencast.com/t/ho1S7gsb5SxY

If this drops back to below the gap support at 640 then its a short for me B)
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ARM holdings 24 Oct 2012 19:39 #4

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dl.dropbox.com/u/35299169/2012-10-24_1931_ARM.png

Maybe time to short on the nearest resistance? MACD and RSI shows some divergence on weekly isn't?
2012-10-24_1931_ARM.png
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ARM holdings 24 Oct 2012 17:49 #5

  • GGOK
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Hi
Thanks for that Remo. Good to see we are both on the same page and identified the same range. Something I learnt from you in the first place!
Let's see if we get confirmation of the breakout tomorrow. It's so close to resistance.
Gee
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ARM holdings 24 Oct 2012 17:10 #6

  • remo
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as can be seen from the chart its not easy to pick the important levels as some times its gone beyond the supports and resistances.
In that case you have to roughly guess.
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ARM holdings 24 Oct 2012 16:59 #7

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dl.dropbox.com/u/4899609/arm24thoct1.png
arm24thoct1.png
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ARM holdings 24 Oct 2012 16:43 #8

  • GGOK
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Hi Remo
Thanks for your response.
From where to where is your trading range? Could you show it on the daily please?
TA
G
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ARM holdings 24 Oct 2012 16:37 #9

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dl.dropbox.com/u/4899609/arm24thoct.png


Its in a trading range. Its about 180 points. Its not as clear to get the readings due to penetrations.

Resistance.....678.5,,,699,,,798,,,985,,,1018

The chart below is of a weekly chart.


arm24thoct.png



dyor
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ARM holdings 24 Oct 2012 14:54 #10

  • GGOK
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I forgot to say, that todays candle does not show on this chart yet as it is updated at the end of the day. the price currently is 685.
Thanks
g
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ARM holdings 24 Oct 2012 14:48 #11

  • GGOK
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Hi
Does this look like a trading range breakout.
Its gone a bit doo lally (technical term) since the results came out the other day.

rt6.t.prorealtime.com/ProRealTimeNew/sho...85fd351bc5c1339b72f&

It gives a target of 841, which I think is near previous resistant. the only trouble is that my freebie charts dont go more than 5 years, so the black line on my chart is something I must have put on ages ago. It would be great if someone could put up a chart of the last 10 years.
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