In Discord I have been emphasizing that ARM is likely to drop below it IPO price (marked by the orange trendline) and form a bottom below. That scenario has played out with ARM dropping below the orange trendline and now ARM has seemingly bottomed out at $50 (marked by the yellow trendline). The ideal entry would have been at $50, but ARM is pumping and still presenting a 25%+ long trade setup to its local highs at $68.72. I think there will be some short-term pullback to $52-53 price levels for the best entry there.

TradingView Chart:
https://www.tradingview.com/chart/ARM/ZKpiQU90-Arm-Holdings-ARM-is-Presenting-a-25-Long-Trade-Opportunity/