We have adjusted our chart at two points for Arm Holdings. This stock failed to reach our short-selling zone by around 0.08%. This is why we have deleted this zone, as no trade occurred. From there, the stock fell back below $299.25. Currently, we expect the market to lose its grip and fall significantly lower.
Secondly, we have adjusted our long-term Fibonacci buying zone with a Fibonacci extension. Therefore, we have now outlined new buying levels for Arm Holdings.
Long Entry Levels
- 123.6%: $191.56
- 138.2%: $174.34
- 161.8%: $146.49
This zone now represents our long-term buying zone and opens up significant opportunities to buy this stock at very discounted prices once the market breaks below its local bottom at $219.94.
If anything changes with this stock, we will update you immediately.
Kind regards,
Monalytics
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