Triple Touch + Bullish Divergence on the 4H: Reversal Brewing?
ARM Holdings ( 
ARM ) is forming a strong triple touch of support on the daily chart around the $104–$105 zone — three clean bounces off the same horizontal level without breaking lower, signaling solid buyer defense and seller exhaustion.
Adding confluence: bullish divergence on the 4H timeframe — price making lower lows while RSI/MACD making higher lows, classic momentum shift hinting at weakening downside pressure and potential reversal.
Recent pivot bottom buy signal (Jan 14/15) + oversold conditions.
If support holds, expect a bounce targeting $110–$120 initially (former resistance + measured move from the pattern).
Break above $108–$110 with volume would confirm the reversal.
Watch for a close above recent highs to flip the bias fully bullish — AI exposure still strong long-term. Pullback to $105 could be prime entry if it respects again.
Loading calls or shares here? Drop your levels below! #ARM #TripleBottom #BullishDivergence #SupportBounce #TechnicalAnalysis #TradingView
source https://www.tradingview.com/chart/ARM/ylSIPkf4-Triple-Touch-Bullish-Divergence-on-the-4H-Reversal-Brewing/
No comments:
Post a Comment