TSLA
Tesla
-- 462.280 NVDA
NVIDIA
-- 140.220 AMD
Advanced Micro Devices
-- 126.290 PLTR
Palantir
-- 82.380 RGTI
Rigetti Computing
-- 11.3500 
UNFORTUNATELY, I took my eyes of the prize here and missed the move down I previously anticipated. HOWEVER….ARM COULD have A LOT more downside ahead. Is ARM going to be the AMD of 2025?
Still, a very unique but ODD situation w/ ARM. Soft Bank still holding / owns an enormous majority stake. Its safe to speculate here, simultaneous to holding ARM position, they are putting efforts to pump the market cap to insane P/E levles. (wether directly or indirectly, to myself, this is a fact)
ARM (like a few other semiconductor tickers) appears to be developing a head and shoulders pattern on the daily scale. You will notice from time to time most of the mega cap stocks set up a daily scale head and shoulders pattern (bearish) to display a TWO WAY RISK, before another leg up (or down).
If Soft Bank did not own the huge majority stake, i would be calling for a breakout downward on this head and shoulders patterns as ARM is sincerely, one of the most expensive / overpriced tickers in the NASDAQ today. You would think at one point or a other, they will start selling shares but time will tell. Compared to the most discussed / largest cap semiconductor (& related) tickers, ARM has quickly fallen to thr way side…..
Volume still declining, a huge spread throughout options chain (illiquid chain) with the simple lack of discussion between traders, gives ARM to be “the NEXT AMD.” I think even calling a drop to 100 is STILL conservative. Either way, it just dropped from 150 to 125 very quickly so a few days of choppjng here at the 126/127 to retest the 129 fibb would make the most sense right now. Maybe if rejects, could plunder next to the 118 or so
Just keep an eye on it as price action approaches the slanted neckline. Something tells me this one could get another 25-30% haircut into 2025.
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