Neutral/Negative Catalysts
- Primary trend remains bearish (moving averages stacked bearishly); today’s pop (+3.40%) looks like a counter-trend move until price reclaims pivot 19.415 and holds.
- Insider selling is a major negative: selling activity increased ~199% over the last month.
- Event risk: earnings in one week with extremely high IV; a miss/guidance disappointment can drive a sharp drop.
- No supportive news flow in the past week; no fresh narrative catalyst to justify chasing price.
- Statistical pattern outlook is negative over the next month (-3.16% expected move in the pattern study).
