Arm Holdings has set a local top and has already initiated a corrective phase. Currently, this stock is in a short-term recovery phase, forming a corrective upsqueeze. For this, we have set a Fibonacci retracement zone (in red), which represents a prime opportunity for short sellers.
Short entry levels:
- 50% at $336.42
- 61.8% at $363.89
- 78.6% at $403
From this selling zone, we expect the market to fall again, continuing the overall correction and reaching our long-term Fibonacci retracement zone (in green). This zone represents a long-term buying opportunity for this stock to follow a long-term forming bullish uptrend.
Long entry levels:
- 78.6% at $175.27
- 88.7% at $139.63
If anything happens with this stock, we will update you immediately.
Kind regards,
Monalytics
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