The share of Arm Holdings (WKN: A3EUCD) has an intact one long-term upward trend on. With that in mind medium term Chart image, the value had corrected from the all-time high recorded in July at USD 188.75 to a low seen in August at USD 96.66. The subsequent recovery rally to USD 164.16 was also corrected in recent weeks. Most recently, the value oriented northwards again from the reaction low at USD 126.36. Yesterday’s trading saw a significant and high release volume accompanied outbreak from one multi-day consolidation about the corrective downward trend line and the 50 day line. Potential next hurdles and targets can be identified at $150.65/154.65, $157.69 and $164.16 and $169.04/173.23. Support is next at $144.54 and $140.50-142.85. The bullish setup would be destroyed with a slide below the central support currently at USD 135.61-137.55 at the daily close. In this case, a return to the low at USD 126.36 would be expected.
