Arm
ARM has been on a downward trend from a high of 98.5 on 14th jan 2014. This decline has possibly been a zigzag (ABC) correction as shown below. The alternative wave count of 5 waves down, present on our chart, should be kept in mind to avoid being clobbered by Mr. Market if our wave count doesn’t favor us.

Our latest preferred count is that the wave IV of a 5-wave series from 48 ended at 34.5. The decline, since then, is believed to be working toward the end of wave v of 5 with the implication that the downtrend will be completed soon either forming:
1. Wave C, The last leg of zigzag or
2. (3) Of 5- wave series in a downward trend.
Expectation:
With the above two probable options, a rally is a must have.
Why is this so?
If the downtrend will complete C of zigzag, then five wave impulse upward will form
If the downtrend will complete (3) of 5- wave series, then wave 4 correction will form.
POTENTIAL REVERSAL TARGETS
With the news that ARM Cement will cede a controlling stake to a strategic investor after it opted to offer new ordinary shares to the new partner and increased the buyout cost by Sh1.4 billion. Instead of 12.6 billion they offer 14 billion

Target 1 = 27.15 (high probability because a major gann level at 26.8 and symmetry at 26.9 are forming a price cluster with this target)
Target 2 = 25.75
Target 3 = 22.8
STATEMENT DISCLAIMER
This analysis is designed to inform you on the counter direction. It is not a recommendation to buy or sell but rather a guideline to interpret the market. The information presented should only be used by investors who are aware of the risk inherent in trading. I shall have no liability for any investment decision based on the use of this analysis It's not over until I winskype id: karasinga. email:
kkarasinga@gmail.com