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Intel Corporation Message Board

  • wallisweaver wallisweaver Nov 12, 2013 12:41 PM Flag

    Marsavian: What's the Latest on ARM Technicals

    Is Humpty going to hold $44?

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    • Well it held today ;-). I think though it is not going to hold for long.

      Basically for the last 4 days ARMH has been relying on a 45.1 ± 0.72, type Double, strength 4 support line and for the first 3 days it was on the + side of that support. Today it had to be dragged up from the bottom of that support. Today StockConsultant says that support is now a 45.07 ± 0.72, type Single, strength 3 support line so it has clearly been weakened only from last week when I noted it. The other problem with today for ARMH was that the stock did not once rise above the 75 DMA of 45.08 which implies that is now resistance and will therefore turn that weak fixed 45.07 ± 0.72 support line into resistance soon. Also the pattern of net selling since earnings is continuing which is the main driver of the price fall.

      On the plus side for ARMH's price is the fact that there are then a lot of moving averages in the 43+ range which should help stabilize the price at least for a while e.g. 100 DMA = 43.55, 125 DMA = 43.29, 150 DMA = 43.70, 175 DMA = 43.34, 200 DMA = 43.28. If that does not hold the price in the 43s there are then the following moving averages in the 42s, 225 DMA = 42.87, 250 DMA = 42.20 and a relatively strong fixed support line 41.68 ± 0.67, type Triple, strength 7.

      Methinks ARMH in the short term is heading for a price that either begins with a 42 or 43.

    • ARMH below 50DMA so it looks pretty broken. Next stop is at 200 DMA at $43.28. It breaks this, then the stock is likely completely broken and you'll see high $30's and maybe below that.

      I wonder what PR ARMH or its partners will put out in order to pump the stock back up...

      • 1 Reply to ashraf.eassa
      • "ARMH below 50DMA so it looks pretty broken. Next stop is at 200 DMA at $43.28. It breaks this, then the stock is likely completely broken and you'll see high $30's and maybe below that. I wonder what PR ARMH or its partners will put out in order to pump the stock back up..."

        [Thanks for the TA update. Intel with so many new products in the pipeline is finding easy to get news cycles. With ARM it's a lot harder. Apple is done for a while except for the curved glass which is only moderately interesting. Intel has Merrifield/LTE and Android Bay Trails coming up and 14nm FinFET waiting in the wings.]

 
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