$ARM Enters Long-Term Buy Zone After a 63% Selloff
$ARM Holdings(ARM)$ is now sitting at its Weekly Smart Money Zone after a nearly 63% selloff from its highs over the past 140 days.
Price has entered the long-term buy range.
The downside level to watch is $143, the weekly Point of Control (POC), if the selloff continues.
Chip sentiment is currently in the gutter. But that may create an opportunity. $ARM is trading at a significant discount compared with June and July levels.
I’ll be watching this setup over the next couple of months.
Longer term, I believe $ARM is shaping up as a quality opportunity. 📊
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