Arm Holdings, ARM - The Perfect Setup

29 May

As many of you know I am ultimately a conservative trader whose #1 priority is to Protect my Capital. As such I have come to watch for this exact Setup, a Perfect Setup, to take advantage of an emerging trend having just broken out. I am constantly looking for this and when I find it I have yet to lose. Other than what I've explained on the chart I also had a Bullish Keltner Channel + just 4 days earlier as well as a newly formed Bullish MA 9/21 Crossover. Ultimately I will stay in my position as long as the candles trend above the 7 day EMA. Once a candle fully closes below the 7, I will exit and hope I haven't over stayed my welcome. Of course I would also be looking for other confirmation signals for a continuing trend or that a reversal is at hand earlier and judge myself accordingly. I hope you can all take advantage of this as I have.