Neutral/Negative Catalysts
- Downtrend intact: bearish moving averages + MACD deterioration.
- Hedge funds are selling aggressively (selling up 363.84% QoQ)—a strong negative flow signal.
- No near-term catalysts in news (no event-driven reason for a reversal).
- Very weak YoY profitability trend in the latest reported quarter (see financials) undermines confidence in sustained rerating.
- With price close to support (1.146), a breakdown could quickly target 1.087.