ARM, Eyeing a bounce short term

Looking at the ARM chart on the daily, we have multiple factors that indicate a probable short term bounce. We have bottoming tail on the daily, We've just kissed a long term trendline, we are at the 200 SMA and EMA, The RSI is at 30. We've had two weeks of relentless selling and we are now down 41% from the highs. Eyes we be looking for a short term bounce.