st target = 53c, page-9

Just a quick update. Some solid volume and gains in what's meant to be a quiet time of year. No doubt a bit of positioning going on.

The chart is looking exceptionally strong and has broken out of the trading range. I charted the repeating ranges earlier in this thread and that was hit relatively quickly. Since then, price has exceeded the range. Hoping for perhaps a pullback to test the upper band and a little bit of consolidation, before continuation of the pattern and the multi-month rally I'm expecting.



Just for comparison's sake, here's a classic example of what I would expect to happen with ARM's price action in the next couple of months. We can see the same repeating ranges on the CFE chart, followed by a breakout, test of upper band, then continuation. All very bullish.