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Arm Holdings breaks out of double bottom, signaling bullish reversal and potential new rally.

Technical Signals
29 Sep 2026
FXEmpire
View Source
Bullish
Arm Holdings breaks out of double bottom, signaling bullish reversal and potential new rally.

Shares of Arm Holdings (ARM) broke out of a double bottom pattern last week, indicating a bullish reversal after a recent bearish correction. The breakout above $299.29 was supported by strong volume and reclaiming key moving averages, suggesting improved momentum. ARM is currently in a pullback phase that may offer a buying opportunity if support holds between $268 and $276. If the stock confirms strength from this zone, it could target higher levels near $403 to $410, signaling further upside potential.

Arm Holdings (ARM) trades at USD 294.73 on Pluang as of Sep 30, 2026 04:01 WIB, slightly below the breakout level mentioned in the article but showing a 1-day gain of 4.02%. This price remains well below its 52-week high of USD 439.46, indicating room for upside if the stock holds support around USD 268 to 276 as the article suggests. Despite the recent bullish momentum, Pluang order activity leans more towards selling at 72%, contrasting with the positive price movement.

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