Arm Holdings has successfully reached its local top at $452.70 with dark blue wave 1 and is currently entering a corrective phase into dark blue wave 2. The chart above represents our expectations for Arm Holdings and how this stock will unfold within its wave structure. We have also defined price targets which we believe this stock has the potential to reach.
Price Targets:
- 200% at $918.02
- 261.8% at $1,170.63
- 361.8% at $1,579.40
These price targets reflect what we potentially expect for this stock on a relative basis. Arm Holdings could expand even higher — or fall short — of these levels. However, over the long term, we expect the structure to reach this zone properly.
In the short term, Arm Holdings has indeed set a local top and has already begun its correction. For the end of this corrective phase, we have defined a Fibonacci retracement zone where we expect this market to conclude its current correction and regain strong bullish momentum.
Long Entry Levels:
- 61.8% at $234.76
- 78.6% at $175.52
- 88.7% at $139.90
From our perspective, this zone outlines a perfect opportunity to buy this stock. To put this into context, the buy from our first Fibonacci retracement zone set in this market delivered a return of approximately 300% — from the upper edge of the grey zone all the way to the top of dark blue wave 1 at $452.70.
Should anything change, or once Arm Holdings reaches and activates this zone, we will update you immediately.
Kind regards,
Monalytics
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