ARM holdings

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

dl.dropbox.com/u/4899609/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

remo

screencast.com/t/ho1S7gsb5SxY

If this drops back to below the gap support at 640 then its a short for me

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?

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

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.
remo