Tesla ($TSLA) Shows Signs of Bullish Reversal, ARM ($ARM) Faces Significant Decline After Failed Breakout

Tesla ($TSLA) stock is showing signs of a potential bullish reversal with the formation of an inverse head and shoulders pattern on the daily chart. Traders are closely monitoring the break of the downtrend on the daily chart and the resistance level at $183. On the other hand, ARM ($ARM) stock experienced a breakout on the daily chart, reaching levels around $148.5-$149 before pulling back. However, the stock later faced a significant decline, with users noting it as 'free falling' and 'nonstop falling.' Despite initial gains and profit-taking, ARM stock failed to sustain its breakout, leading to concerns about potential further downside.