Arm Holdings

Jumped out banking a nice profit, due to large rise today and resistance a few points ahead.

Just wondering, if this was to go on and break resistance, would anyone jump back in at that point? or once out, stay out? or given that this is now a free trade, would people just let it run?

On the last of those, I'm a little bit reluctant to just let things run, as too often recently it's turned and wipe out most of my profits.

Just trying to get an idea for how people play these things...

Cheers
Woody

No worries xWoody, that's what we are all here for working together and learning!

As its gone up a fair bit, I would take profit and move the stop loss to break even so that way you don't lose anything and it should be a free trade

Thanks for the tip ronnie, and nice to know you have the same initial target as me (I must be learning something!)

Just one question... would you move your stop up to below today's low, to reduce risk at this point? 842 is a fair way away...

Cheers
Woody

P.S. Hey MFB, nice to know you're on board this one mate!

First resistance area is 922 that is the area you should look to take profit.

After that it should be a free trade as a true 123 low means the price could go a lot higher.

Thankyou for this one, I have had a little nibble, doing well today.

On one like this, I guess its important to see it become a free trade, then look for resistance, which for me could be around 990.

Would appreciate your thoughts?

Possible 123 low breakout.


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