The GBp 860.5 support area, currently tested, might facilitate a technical rebound. The company’s fundamentals could validate this scenario.

The stock, currently oversold, evolves within a downtrend in the short term. In a mid term horizon, this trend could be reversed as it approaches the GBp 927.5, level from which the bullish run could start wide-range movements. This support represents a buying opportunity in the context of a foreseeable technical rebound toward GBp 986.5 and by extension GBp 1046.

The technical situation calls for ARM Holdings buys at current prices with an upside potential to GBp 986.5 and GBp 1046. This investment strategy will require a stop loss at GBp 917.5.