(Finance) – Definitely positive session for ARM Holdingswhich is trading up 3.84%, after the Nikkei agency wrote that the British company could launch its first artificial intelligence chip next year.
On a comparative level on a weekly basis, the trend of English tech company that designs chips highlights a more marked trend than the trendline of Nasdaq 100. This demonstrates the greater propensity of investors to buy towards ARM Holdings compared to the index.
The medium-term scenario of ARM Holdings confirms the negative trend of the curve. However, the analysis of the short-term chart highlights an easing of the bearish phase preparatory to a rise towards the first resistance area seen at 115.2 USD. Support at 110.8. Any positive elements support the achievement of a new top seen in the 119.7 area.