ARM 1D MA50 rejection and buy for $160.00

Arm Holdings (ARM) got rejected yesterday on the 1D MA50 (blue trend-line) after recovering it following a full month of trading below it. As the price got outside its long-term Buy Zone (green), this pull-back might be the last opportunity to buy the stock before Resistance 1 is tested. Our Target is marginally below it at $160.00.

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