Technical Analysis (TA) for Trading:
1. Trend Analysis:
* ARM has recently broken out of a consolidation phase and is in a strong uptrend on the hourly chart.
* The price surged past resistance at $150 and is currently testing the $180 level.
* A rising wedge pattern suggests possible consolidation or a pullback.
2. Key Levels:
* Resistance: $182.88 (recent high), $185 (psychological resistance).
* Support: $175 (key intraday support), $160 (previous breakout level).
3. Indicators:
* MACD: Bullish momentum but showing signs of weakening. Watch for a potential crossover for reversal signals.
* Stochastic RSI: Overbought, signaling potential short-term profit-taking or consolidation.
4. Volume:
* Strong breakout volume indicates bullish interest, but declining volume near $180 suggests weakening momentum.
5. Outlook:
* Bullish above $175 with potential retests of $185 or higher.
* Bearish if $175 breaks; watch for a pullback toward $160.
GEX Analysis for Options Trading:
1. Gamma Exposure (GEX):
* Highest Positive NETGEX: $160, acting as strong support.
* CALL Walls: $175 (68.93% GEX7) and $180 (78.79% GEX8), significant resistance zones.
2. Options Flow:
* IVR: 24.8, indicating low implied volatility relative to the past year.
* IVx Avg: 81, slightly elevated, suggesting a moderately bullish sentiment.
* CALL Activity: 73.2%, heavily skewed toward bullish positioning.
3. Trading Strategy:
* Bullish Setup:
* Buy Calls: $180 Strike (expiring 1-2 weeks).
* Entry: Near $175 support.
* Target: $185-$190.
* Stop-Loss: Below $170.
* Bearish Setup:
* Buy Puts: $170 Strike (expiring 1-2 weeks).
* Entry: Near $182 resistance.
* Target: $160.
* Stop-Loss: Above $185.
Actionable Suggestions:
* Monitor $175 for bullish continuation or breakdown signals.
* If momentum weakens, consider short-term profit-taking or protective puts.
* Options traders should focus on strikes aligned with GEX levels ($175 CALLs or $170 PUTs).
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk effectively.
1. Trend Analysis:
* ARM has recently broken out of a consolidation phase and is in a strong uptrend on the hourly chart.
* The price surged past resistance at $150 and is currently testing the $180 level.
* A rising wedge pattern suggests possible consolidation or a pullback.
2. Key Levels:
* Resistance: $182.88 (recent high), $185 (psychological resistance).
* Support: $175 (key intraday support), $160 (previous breakout level).
3. Indicators:
* MACD: Bullish momentum but showing signs of weakening. Watch for a potential crossover for reversal signals.
* Stochastic RSI: Overbought, signaling potential short-term profit-taking or consolidation.
4. Volume:
* Strong breakout volume indicates bullish interest, but declining volume near $180 suggests weakening momentum.
5. Outlook:
* Bullish above $175 with potential retests of $185 or higher.
* Bearish if $175 breaks; watch for a pullback toward $160.
GEX Analysis for Options Trading:
1. Gamma Exposure (GEX):
* Highest Positive NETGEX: $160, acting as strong support.
* CALL Walls: $175 (68.93% GEX7) and $180 (78.79% GEX8), significant resistance zones.
2. Options Flow:
* IVR: 24.8, indicating low implied volatility relative to the past year.
* IVx Avg: 81, slightly elevated, suggesting a moderately bullish sentiment.
* CALL Activity: 73.2%, heavily skewed toward bullish positioning.
3. Trading Strategy:
* Bullish Setup:
* Buy Calls: $180 Strike (expiring 1-2 weeks).
* Entry: Near $175 support.
* Target: $185-$190.
* Stop-Loss: Below $170.
* Bearish Setup:
* Buy Puts: $170 Strike (expiring 1-2 weeks).
* Entry: Near $182 resistance.
* Target: $160.
* Stop-Loss: Above $185.
Actionable Suggestions:
* Monitor $175 for bullish continuation or breakdown signals.
* If momentum weakens, consider short-term profit-taking or protective puts.
* Options traders should focus on strikes aligned with GEX levels ($175 CALLs or $170 PUTs).
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk effectively.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.