ARM Holdings – Gap-Up Double Bottom Breakout Hits 150

ARM Holdings broke out of a double bottom with a big gap up and showed strong conviction. After the breakout, price reached 150 quickly and the target was validated.

Interestingly, the stock also reversed from the 100D SMA which acted as a support and added more strength to the upmove.

This combination of a bullish chart pattern, gap up and SMA support shows strong institutional participation and good technicals.

📊 Key Highlights:

Broke out of double bottom ✅
Gap up 📈
Target of 150 hit 🎯
100D SMA acted as support 🔑
Do you think ARM can continue to go up and hit new highs or is a short term pullback coming?