BW

In a Stage 4 decline with no mean-reversion eligibility, medium-term bias is bearish. Price sits below all declining EMAs and has found temporary support at the 200 DMA. Execution should be deferred until a rally into the EMAs produces a clear rejection, rather than selling into the oversold extension.

• ↑Q1 revenue $214.4M, up 44% YoY driven by AI data centers
• ↑Bookings $2.5B, a 1 900% YoY surge; backlog now $2.7B
• ↓Net loss from continuing ops $79.6M vs $15.6M last year