Aeluma Inc

ALMU remains in a Stage 2 advancing uptrend undergoing a corrective reset, with higher highs and lows intact on the 1-year chart. Despite the medium-term bullish polarity, price sits below the declining 9- and 20-EMAs and the 50-DMA, generating a bearish short-term timing pulse. We will defer execution and stalk for a pullback into the rising 200-DMA and prior support levels, awaiting consolidation and absorption before participation.

• ↑$37.8M cash on hand, zero long-term debt supports expansion
• ↑Growing photonics demand from AI/data centers underpins revenue potential
• ↓FY26 revenue guidance cut to $4.2–$4.6M due to contract delays