Replies to post #11 on ARM Holdings (ARMH)

[boo boo]

Support at 50DMA, which it hit today. At bottom of my accelerator bands. If today's candle holds, it will be a hammer, which is a reversal candle. A little pullback on the dailies, which is good. Strong support at 29, breakout at 34. Could consider a position here and a double down in the 29 area if it gets there. Purely technical. Guessing they're doing a lot of business in China. I'm not a fundamental trader, but steady revenue growth. Have read good things about the company!

[boo boo]

I also have my eyes on Riverbed Technologies. Looking for a wedge breakout on the dailies. They're in the cloud computing space!