I've been keeping an eye on a trend lately: the market isn't as forgiving towards software stocks that only tell stories as it was a couple of years ago. Instead, there's more willingness to give a premium to hard tech companies that are stuck in key positions in the supply chain.
$ARM has that vibe.
I'm bullish on it, not just because it rose +1.16% today, but because once these kinds of companies stand at the brink of a new wave of computing power and terminal upgrades, the market's imagination often isn't held up by a couple of days of sentiment.
From what I understand, Arm roughly fits into the category of those building foundational architecture and reaping the benefits of industry expansion.
The best part for these companies is they don't necessarily have to gamble on whether a particular terminal or product line is going to explode or not.
As long as the devices get smarter, computing power needs become more distributed, and chip designs penetrate more scenarios, they can easily benefit.
I’ll keep an eye on it, and there’s a very practical reason for that.
On Binance's perpetual futures for US stocks, $ARM is currently priced at $435.12, with a 24-hour high and low of $443.89 and $420.88. The volatility in between isn't small, but it still managed to close with a small green candle, indicating strong support.
Trading volume has hit $27.19M USDT, which means it’s not just sitting at the top of the leaderboard for no reason.
The funding rate is only +0.0091%, which isn't indicative of a frenzied bullish state.
Open interest is at 13,957 contracts, which suggests there are quite a few eyes on it, but it hasn't heated up to the point where I feel like I need to back off.
I've taken too many losses trading myself; I'm most wary of those stocks where everyone says the long-term logic is good, but the charts are so hot it’s impossible to get in.
$ARM gives me the feeling that interest has picked up, but the sentiment hasn’t gone out of control yet.
In such positions, I'm actually willing to take a serious look.
Of course, this stock isn't without variables.
If it just gets tossed around based on concepts like 'AI hardware' and 'high-end chips' and fails to deliver on actual business, its valuation could easily drop back.
And one more thing not to overlook: these high-interest hard tech stocks often move irrationally; today’s low to high swing was over twenty bucks, and if you're a bit slow, you could easily get thrown off.
If it were up to me, I’d put $ARM on my watchlist for strong candidates, looking to buy on pullbacks; I don’t want to chase after the sentiment.
The market is shifting, what’s true today might not hold for tomorrow.
$ARM #USStocks
$ARM has that vibe.
I'm bullish on it, not just because it rose +1.16% today, but because once these kinds of companies stand at the brink of a new wave of computing power and terminal upgrades, the market's imagination often isn't held up by a couple of days of sentiment.
From what I understand, Arm roughly fits into the category of those building foundational architecture and reaping the benefits of industry expansion.
The best part for these companies is they don't necessarily have to gamble on whether a particular terminal or product line is going to explode or not.
As long as the devices get smarter, computing power needs become more distributed, and chip designs penetrate more scenarios, they can easily benefit.
I’ll keep an eye on it, and there’s a very practical reason for that.
On Binance's perpetual futures for US stocks, $ARM is currently priced at $435.12, with a 24-hour high and low of $443.89 and $420.88. The volatility in between isn't small, but it still managed to close with a small green candle, indicating strong support.
Trading volume has hit $27.19M USDT, which means it’s not just sitting at the top of the leaderboard for no reason.
The funding rate is only +0.0091%, which isn't indicative of a frenzied bullish state.
Open interest is at 13,957 contracts, which suggests there are quite a few eyes on it, but it hasn't heated up to the point where I feel like I need to back off.
I've taken too many losses trading myself; I'm most wary of those stocks where everyone says the long-term logic is good, but the charts are so hot it’s impossible to get in.
$ARM gives me the feeling that interest has picked up, but the sentiment hasn’t gone out of control yet.
In such positions, I'm actually willing to take a serious look.
Of course, this stock isn't without variables.
If it just gets tossed around based on concepts like 'AI hardware' and 'high-end chips' and fails to deliver on actual business, its valuation could easily drop back.
And one more thing not to overlook: these high-interest hard tech stocks often move irrationally; today’s low to high swing was over twenty bucks, and if you're a bit slow, you could easily get thrown off.
If it were up to me, I’d put $ARM on my watchlist for strong candidates, looking to buy on pullbacks; I don’t want to chase after the sentiment.
The market is shifting, what’s true today might not hold for tomorrow.
$ARM #USStocks